S&P 500   4,279.85 (-0.19%)
DOW   33,352.34 (-0.46%)
QQQ   360.36 (+0.58%)
AAPL   173.71 (+1.46%)
MSFT   318.32 (+0.81%)
META   305.07 (+1.62%)
GOOGL   133.52 (+2.03%)
AMZN   128.98 (+1.46%)
TSLA   249.27 (-0.38%)
NVDA   448.11 (+3.02%)
NIO   8.79 (-2.77%)
BABA   86.29 (-0.52%)
AMD   102.23 (-0.57%)
T   14.86 (-1.07%)
F   12.33 (-0.72%)
MU   67.71 (-0.47%)
CGC   0.77 (-1.05%)
GE   109.60 (-0.86%)
DIS   80.93 (-0.15%)
AMC   7.93 (-0.75%)
PFE   33.19 (+0.06%)
PYPL   58.79 (+0.56%)
NFLX   380.68 (+0.82%)
S&P 500   4,279.85 (-0.19%)
DOW   33,352.34 (-0.46%)
QQQ   360.36 (+0.58%)
AAPL   173.71 (+1.46%)
MSFT   318.32 (+0.81%)
META   305.07 (+1.62%)
GOOGL   133.52 (+2.03%)
AMZN   128.98 (+1.46%)
TSLA   249.27 (-0.38%)
NVDA   448.11 (+3.02%)
NIO   8.79 (-2.77%)
BABA   86.29 (-0.52%)
AMD   102.23 (-0.57%)
T   14.86 (-1.07%)
F   12.33 (-0.72%)
MU   67.71 (-0.47%)
CGC   0.77 (-1.05%)
GE   109.60 (-0.86%)
DIS   80.93 (-0.15%)
AMC   7.93 (-0.75%)
PFE   33.19 (+0.06%)
PYPL   58.79 (+0.56%)
NFLX   380.68 (+0.82%)
S&P 500   4,279.85 (-0.19%)
DOW   33,352.34 (-0.46%)
QQQ   360.36 (+0.58%)
AAPL   173.71 (+1.46%)
MSFT   318.32 (+0.81%)
META   305.07 (+1.62%)
GOOGL   133.52 (+2.03%)
AMZN   128.98 (+1.46%)
TSLA   249.27 (-0.38%)
NVDA   448.11 (+3.02%)
NIO   8.79 (-2.77%)
BABA   86.29 (-0.52%)
AMD   102.23 (-0.57%)
T   14.86 (-1.07%)
F   12.33 (-0.72%)
MU   67.71 (-0.47%)
CGC   0.77 (-1.05%)
GE   109.60 (-0.86%)
DIS   80.93 (-0.15%)
AMC   7.93 (-0.75%)
PFE   33.19 (+0.06%)
PYPL   58.79 (+0.56%)
NFLX   380.68 (+0.82%)
S&P 500   4,279.85 (-0.19%)
DOW   33,352.34 (-0.46%)
QQQ   360.36 (+0.58%)
AAPL   173.71 (+1.46%)
MSFT   318.32 (+0.81%)
META   305.07 (+1.62%)
GOOGL   133.52 (+2.03%)
AMZN   128.98 (+1.46%)
TSLA   249.27 (-0.38%)
NVDA   448.11 (+3.02%)
NIO   8.79 (-2.77%)
BABA   86.29 (-0.52%)
AMD   102.23 (-0.57%)
T   14.86 (-1.07%)
F   12.33 (-0.72%)
MU   67.71 (-0.47%)
CGC   0.77 (-1.05%)
GE   109.60 (-0.86%)
DIS   80.93 (-0.15%)
AMC   7.93 (-0.75%)
PFE   33.19 (+0.06%)
PYPL   58.79 (+0.56%)
NFLX   380.68 (+0.82%)
NYSE:NJR

New Jersey Resources (NJR) Stock Forecast, Price & News

$39.72
-0.91 (-2.24%)
(As of 10:45 AM ET)
Compare
Today's Range
$39.62
$40.94
50-Day Range
$40.64
$46.28
52-Week Range
$38.07
$55.84
Volume
90,188 shs
Average Volume
565,972 shs
Market Capitalization
$3.88 billion
P/E Ratio
13.70
Dividend Yield
4.23%
Price Target
$47.25

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
16.3% Upside
$47.25 Price Target
Short Interest
Healthy
2.24% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of New Jersey Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.49%
From $2.69 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Utilities Sector

37th out of 87 stocks

Natural Gas Distribution Industry

4th out of 10 stocks


NJR stock logo

About New Jersey Resources (NYSE:NJR) Stock

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

NJR Price History

NJR Stock News Headlines

Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
New Jersey Resources Q3 2023 Earnings Preview
New Jersey Resources (NJR) Q3 Earnings Top Estimates
New Jersey Resources earnings preview: what Wall Street is expecting
UGI (UGI) Reports Break-Even Earnings for Q3
See More Headlines
Receive NJR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter.

NJR Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 10/2 Dividend
9/19/2023
Today
10/02/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
11/16/2023
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,288
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.25
High Stock Price Forecast
$49.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+16.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$274.92 million
Pretax Margin
13.88%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$3.84 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
96,860,000
Market Cap
$3.96 billion
Optionable
Optionable
Beta
0.63
7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

  • Mr. Stephen D. WesthovenMr. Stephen D. Westhoven (Age 55)
    Pres, CEO & Director
    Comp: $2.36M
  • Mr. Roberto F. Bel (Age 50)
    Sr. VP, CFO & Principal Financial Officer
    Comp: $685.51k
  • Mr. Richard Reich (Age 49)
    Sr. VP & Gen. Counsel
    Comp: $640.22k
  • Mr. Patrick J. MigliaccioMr. Patrick J. Migliaccio (Age 49)
    Sr. VP & COO of New Jersey Natural Gas
    Comp: $872.79k
  • Ms. Amy Cradic (Age 51)
    Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs
    Comp: $762.76k
  • Mr. Stephen Skrocki (Age 47)
    Principal Accounting Officer
  • Ms. Jacqueline K. Shea (Age 59)
    Sr. VP & Chief Information Officer
  • Mr. Adam Prior
    Director of Investor Relations
  • Mr. David Johnson (Age 54)
    VP of Corp. Bus. Devel.
  • Ms. Lori DelGiudice
    Sr. VP of HR













NJR Stock - Frequently Asked Questions

Should I buy or sell New Jersey Resources stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NJR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NJR, but not buy additional shares or sell existing shares.
View NJR analyst ratings
or view top-rated stocks.

What is New Jersey Resources' stock price forecast for 2023?

3 brokerages have issued 1 year price targets for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $49.00. On average, they predict the company's stock price to reach $47.25 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for NJR
or view top-rated stocks among Wall Street analysts.

How have NJR shares performed in 2023?

New Jersey Resources' stock was trading at $49.62 at the beginning of 2023. Since then, NJR stock has decreased by 18.1% and is now trading at $40.63.
View the best growth stocks for 2023 here
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.13. The utilities provider earned $264.10 million during the quarter, compared to analyst estimates of $546.21 million. New Jersey Resources had a trailing twelve-month return on equity of 14.49% and a net margin of 11.77%. The firm's revenue was down 52.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share.

How often does New Jersey Resources pay dividends? What is the dividend yield for New Jersey Resources?

New Jersey Resources declared a quarterly dividend on Wednesday, July 12th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.39 per share on Monday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, September 19th.
Read our dividend analysis for NJR
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.13%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

When did New Jersey Resources' stock split?

Shares of New Jersey Resources split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted shares were issued to shareholders after the market closes on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has New Jersey Resources issued on next quarter's earnings?

New Jersey Resources updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided EPS guidance of $2.62-$2.72 for the period, compared to the consensus estimate of $2.67. The company issued revenue guidance of -.

What is Laurence M. Downes' approval rating as New Jersey Resources' CEO?

10 employees have rated New Jersey Resources Chief Executive Officer Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among the company's employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of New Jersey Resources own?
What is New Jersey Resources' stock symbol?

New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."

How do I buy shares of New Jersey Resources?

Shares of NJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Jersey Resources' stock price today?

One share of NJR stock can currently be purchased for approximately $40.63.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $3.96 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.90 on an earnings per share basis.

How many employees does New Jersey Resources have?

The company employs 1,288 workers across the globe.

How can I contact New Jersey Resources?

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154.

This page (NYSE:NJR) was last updated on 10/2/2023 by MarketBeat.com Staff

My Account -