QQQ   306.12 (-1.36%)
AAPL   157.83 (-0.91%)
MSFT   272.29 (-0.54%)
META   199.81 (-1.16%)
GOOGL   103.37 (-1.48%)
AMZN   98.70 (-1.90%)
TSLA   191.15 (-3.25%)
NVDA   264.68 (+1.03%)
NIO   9.09 (-1.94%)
BABA   83.65 (-0.06%)
AMD   97.58 (+1.72%)
T   18.39 (-0.81%)
F   11.48 (-2.05%)
MU   58.17 (-0.78%)
CGC   1.88 (-4.57%)
GE   89.59 (-2.81%)
DIS   94.90 (-1.70%)
AMC   4.34 (-1.59%)
PFE   40.01 (-1.60%)
PYPL   74.34 (-3.10%)
NFLX   293.90 (-3.89%)
QQQ   306.12 (-1.36%)
AAPL   157.83 (-0.91%)
MSFT   272.29 (-0.54%)
META   199.81 (-1.16%)
GOOGL   103.37 (-1.48%)
AMZN   98.70 (-1.90%)
TSLA   191.15 (-3.25%)
NVDA   264.68 (+1.03%)
NIO   9.09 (-1.94%)
BABA   83.65 (-0.06%)
AMD   97.58 (+1.72%)
T   18.39 (-0.81%)
F   11.48 (-2.05%)
MU   58.17 (-0.78%)
CGC   1.88 (-4.57%)
GE   89.59 (-2.81%)
DIS   94.90 (-1.70%)
AMC   4.34 (-1.59%)
PFE   40.01 (-1.60%)
PYPL   74.34 (-3.10%)
NFLX   293.90 (-3.89%)
QQQ   306.12 (-1.36%)
AAPL   157.83 (-0.91%)
MSFT   272.29 (-0.54%)
META   199.81 (-1.16%)
GOOGL   103.37 (-1.48%)
AMZN   98.70 (-1.90%)
TSLA   191.15 (-3.25%)
NVDA   264.68 (+1.03%)
NIO   9.09 (-1.94%)
BABA   83.65 (-0.06%)
AMD   97.58 (+1.72%)
T   18.39 (-0.81%)
F   11.48 (-2.05%)
MU   58.17 (-0.78%)
CGC   1.88 (-4.57%)
GE   89.59 (-2.81%)
DIS   94.90 (-1.70%)
AMC   4.34 (-1.59%)
PFE   40.01 (-1.60%)
PYPL   74.34 (-3.10%)
NFLX   293.90 (-3.89%)
QQQ   306.12 (-1.36%)
AAPL   157.83 (-0.91%)
MSFT   272.29 (-0.54%)
META   199.81 (-1.16%)
GOOGL   103.37 (-1.48%)
AMZN   98.70 (-1.90%)
TSLA   191.15 (-3.25%)
NVDA   264.68 (+1.03%)
NIO   9.09 (-1.94%)
BABA   83.65 (-0.06%)
AMD   97.58 (+1.72%)
T   18.39 (-0.81%)
F   11.48 (-2.05%)
MU   58.17 (-0.78%)
CGC   1.88 (-4.57%)
GE   89.59 (-2.81%)
DIS   94.90 (-1.70%)
AMC   4.34 (-1.59%)
PFE   40.01 (-1.60%)
PYPL   74.34 (-3.10%)
NFLX   293.90 (-3.89%)
NYSE:NJR

New Jersey Resources - NJR Stock Forecast, Price & News

$50.34
-1.39 (-2.69%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$50.28
$51.83
50-Day Range
$48.77
$53.13
52-Week Range
$38.07
$53.53
Volume
432,320 shs
Average Volume
513,792 shs
Market Capitalization
$4.88 billion
P/E Ratio
17.42
Dividend Yield
3.10%
Price Target
$46.75

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
7.1% Downside
$46.75 Price Target
Short Interest
Healthy
3.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of New Jersey Resources in the last 14 days
Based on 4 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.

1.91 out of 5 stars

Utilities Sector

68th out of 85 stocks

Natural Gas Distribution Industry

10th 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.

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 Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
NJR New Jersey Resources Corporation
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
25 Biggest New Jersey Companies and Stocks
New Jersey Resources Corporation: Raising target to $53
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

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
3/22/2023
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
-7.1%
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
$3.71 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
96,190,000
Market Cap
$4.88 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 equities 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 equities 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 equities research analysts have issued 1-year price objectives 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 7.1%.
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 start of the year. Since then, NJR shares have increased by 1.5% and is now trading at $50.34.
View the best growth stocks for 2023 here
.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a increase in short interest in February. As of February 15th, there was short interest totaling 3,610,000 shares, an increase of 15.0% from the January 31st total of 3,140,000 shares. Based on an average daily volume of 586,200 shares, the days-to-cover ratio is presently 6.2 days. Currently, 3.8% of the shares of the company 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) issued its quarterly earnings results on Thursday, February, 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The utilities provider had revenue of $723.60 million for 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 business's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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 declared 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 annualized dividend and a yield of 3.10%. 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 2.97%. 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 on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted shares were payable 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 issued an update on its FY 2023 earnings guidance on Sunday, February, 5th. The company provided earnings per share (EPS) guidance of $2.62-$2.72 for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional shareholders 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 $50.34.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.88 billion and generates $2.95 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 3/22/2023 by MarketBeat.com Staff