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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:NJR

New Jersey Resources Stock Forecast, Price & News

$45.49
+0.96 (+2.16%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$44.28
$45.51
50-Day Range
$41.33
$46.87
52-Week Range
$34.41
$47.50
Volume
366,239 shs
Average Volume
540,156 shs
Market Capitalization
$4.37 billion
P/E Ratio
45.95
Dividend Yield
3.26%
Price Target
$45.00

New Jersey Resources Stock Forecast (MarketRank)

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.1% Downside
$45.00 Price Target
Short Interest
Bearish
3.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$121.72 K Sold Last Quarter
Proj. Earnings Growth
4.72%
From $2.33 to $2.44 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.29 out of 5 stars

Utilities Sector

82nd out of 123 stocks

Natural Gas Distribution Industry

13th out of 14 stocks

30 days | 90 days | 365 days | Advanced Chart

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New Jersey Resources logo

About New Jersey Resources (NYSE:NJR)

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 564,000 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 projects 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 storage and transportation 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 Stock News Headlines

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Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,251
Year Founded
N/A

Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Today
7/02/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
1 Analysts

Profitability

Net Income
$117.89 million
Pretax Margin
8.77%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.44 per share
Book Value
$16.91 per share

Miscellaneous

Free Float
95,499,000
Market Cap
$4.37 billion
Optionable
Optionable
Beta
0.56














New Jersey Resources Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" New Jersey Resources stock. 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 analyst ratings for New Jersey Resources
or view top-rated stocks.

What is New Jersey Resources' stock price forecast for 2022?

1 equities research analysts have issued twelve-month price targets for New Jersey Resources' shares. Their NJR stock forecasts range from $45.00 to $45.00. On average, they predict New Jersey Resources' share price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for New Jersey Resources
or view top-rated stocks among Wall Street analysts.

How has New Jersey Resources' stock price performed in 2022?

New Jersey Resources' stock was trading at $41.06 at the beginning of 2022. Since then, NJR stock has increased by 10.8% and is now trading at $45.49.
View the best growth stocks for 2022 here
.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for New Jersey Resources
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) released its earnings results on Thursday, May, 5th. The utilities provider reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.09. The utilities provider earned $912.32 million during the quarter, compared to the consensus estimate of $877.88 million. New Jersey Resources had a trailing twelve-month return on equity of 11.06% and a net margin of 3.79%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 earnings per share.
View New Jersey Resources' earnings history
.

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, April 20th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.363 per share on Friday, July 1st. This represents a $1.45 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, June 14th.
View New Jersey Resources' dividend history
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources(NYSE:NJR) pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.26%. New Jersey Resources 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 of New Jersey Resources is 146.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, New Jersey Resources will have a dividend payout ratio of 59.43% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.
View New Jersey Resources' dividend history.

When did New Jersey Resources' stock split? How did New Jersey Resources' stock split work?

New Jersey Resources shares split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were issued to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of New Jersey Resources 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 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $2.30-$2.40 for the period, compared to the consensus estimate of $2.27. The company issued revenue guidance of -.

Who are New Jersey Resources' key executives?

New Jersey Resources' management team includes the following people:
  • Mr. Stephen D. Westhoven, Pres, CEO & Director (Age 54, Pay $2.18M)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 56, Pay $627.05k)
  • Mr. Patrick J. Migliaccio, Sr. VP & COO of New Jersey Natural Gas (Age 48, Pay $849.6k) (LinkedIn Profile)
  • Ms. Amy Cradic, Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs (Age 50, Pay $689.55k)
  • Mr. Roberto F. Bel, Sr. VP and CFO (Age 49)
  • Ms. Jacqueline K. Shea, VP & Chief Information Officer (Age 58)
  • Mr. Richard Reich, Sr. VP, Gen. Counsel & Corp. Sec. (Age 47)
  • Mr. Robert Pohlman, VP of Strategy, Communications, Gov. Relations & Policy
  • Mr. David Johnson, VP of Corp. Bus. Devel. (Age 53)
  • Mr. Glenn C. Lockwood, Exec. VP (Age 61)

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

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

Who are some of New Jersey Resources' key competitors?

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 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 $45.49.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.37 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $0.989990 on an earnings per share basis.

How many employees does New Jersey Resources have?

New Jersey Resources employs 1,251 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 New Jersey Resources 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 7/2/2022 by MarketBeat.com Staff

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