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NYSE:NJR

New Jersey Resources - NJR Stock Forecast, Price & News

$52.28
+0.11 (+0.21%)
(As of 03/28/2023 04:33 PM ET)
Add
Compare
Today's Range
$51.72
$52.35
50-Day Range
$48.77
$53.13
52-Week Range
$38.07
$53.53
Volume
272,759 shs
Average Volume
504,421 shs
Market Capitalization
$5.07 billion
P/E Ratio
18.09
Dividend Yield
2.98%
Price Target
$46.75

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
10.6% Downside
$46.75 Price Target
Short Interest
Bearish
4.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of New Jersey Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$104,040 Sold Last Quarter
Proj. Earnings Growth
-0.37%
From $2.70 to $2.69 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Utilities Sector

77th out of 85 stocks

Natural Gas Distribution Industry

12th out of 13 stocks


NJR stock logo

About New Jersey Resources (NYSE:NJR) Stock

New Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment consists of investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.

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NJR Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
NJR New Jersey Resources Corporation
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
25 Biggest New Jersey Companies and Stocks
New Jersey Resources Corporation: Raising target to $53
See More Headlines
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NJR Company Calendar

Ex-Dividend for 1/3 Dividend
12/13/2022
Dividend Payable
1/03/2023
Last Earnings
2/02/2023
Ex-Dividend for 4/3 Dividend
3/14/2023
Today
3/28/2023
Dividend Payable
4/03/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
9/30/2023

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
$46.75
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
-10.4%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$274.92 million
Pretax Margin
11.83%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$3.90 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
96,190,000
Market Cap
$5.05 billion
Optionable
Optionable
Beta
0.64

Key Executives

  • Stephen D. Westhoven
    President, Chief Executive Officer & Director
  • Roberto F. Bel
    SVP, Chief Financial & Accounting Officer
  • Jacqueline K. Shea
    Chief Information Officer & Senior Vice President
  • Richard Reich
    Senior Vice President & General Counsel
  • Amy Cradic
    SVP & COO-Non-Utility Business & Strategy













NJR Stock - Frequently Asked Questions

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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued 12 month target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $40.00 to $51.00. On average, they anticipate the company's stock price to reach $46.75 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
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 on January 1st, 2023. Since then, NJR stock has increased by 5.1% and is now trading at $52.17.
View the best growth stocks for 2023 here
.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,210,000 shares, an increase of 18.9% from the February 28th total of 3,540,000 shares. Based on an average trading volume of 491,500 shares, the short-interest ratio is currently 8.6 days. Approximately 4.4% of the company's stock are sold short.
View New Jersey Resources' Short Interest
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings data on Thursday, February, 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The utilities provider earned $723.60 million during the quarter, compared to analysts' expectations of $696.78 million. New Jersey Resources had a net margin of 9.46% and a trailing twelve-month return on equity of 15.62%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share.

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

New Jersey Resources announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.39 per share on Monday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for NJR
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.03%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 57.99% 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 before market open 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 closing bell 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 issued an update on its FY 2023 earnings guidance on Sunday, February, 5th. The company provided EPS guidance of $2.62-$2.72 for the period, compared to the consensus earnings per share estimate of $2.49. 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."

Who are New Jersey Resources' major shareholders?

New Jersey Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.82%), Wells Fargo & Company MN (2.69%), Geode Capital Management LLC (1.83%), First Trust Advisors LP (1.59%), Charles Schwab Investment Management Inc. (1.10%) and ProShare Advisors LLC (1.02%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio and Timothy F Shea.
View institutional ownership trends
.

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 $52.17.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $5.05 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.89 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 3/28/2023 by MarketBeat.com Staff