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NYSE:NJR

New Jersey Resources - NJR Stock Forecast, Price & News

$52.40
-0.73 (-1.37%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$51.65
$53.53
50-Day Range
$48.52
$53.13
52-Week Range
$38.07
$53.53
Volume
648,793 shs
Average Volume
589,825 shs
Market Capitalization
$5.08 billion
P/E Ratio
18.13
Dividend Yield
2.94%
Price Target
$45.50

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
13.2% Downside
$45.50 Price Target
Short Interest
Bearish
3.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of New Jersey Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$147,480 Sold Last Quarter
Proj. Earnings Growth
0.37%
From $2.67 to $2.68 Per Share

Overall MarketRank

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

1.88 out of 5 stars

Utilities Sector

73rd out of 83 stocks

Natural Gas Distribution Industry

11th out of 12 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

New Jersey Resources (NYSE:NJR) Updates FY 2023 Earnings Guidance
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
New Jersey Resources (NYSE:NJR) Upgraded by StockNews.com to Hold
New Jersey Resources (NJR) to Release Earnings on Thursday
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
25 Biggest New Jersey Companies and Stocks
New Jersey Resources Corporation: Raising target to $53
Analyst Ratings for New Jersey Resources
Expert Ratings for New Jersey Resources
New Jersey Resources Q4 Profit Tops Estimates
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
Today
2/06/2023
Ex-Dividend for 4/3 Dividend
3/14/2023
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
$45.50
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
-13.2%
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
$3.79 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
96,190,000
Market Cap
$5.08 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 Wall Street analysts have issued twelve-month target prices for New Jersey Resources' stock. Their NJR share price forecasts range from $40.00 to $50.00. On average, they expect the company's share price to reach $45.50 in the next year. This suggests that the stock has a possible downside of 13.2%.
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 shares have increased by 5.6% and is now trading at $52.40.
View the best growth stocks for 2023 here
.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 3,180,000 shares, a decrease of 18.0% from the December 15th total of 3,880,000 shares. Based on an average daily trading volume, of 605,800 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.3% 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) announced its quarterly earnings data on Thursday, February, 2nd. The utilities provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 15.62% and a net margin of 9.46%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS.

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. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.39 per share on Monday, April 3rd. This represents a $1.56 annualized dividend and a yield of 2.98%. 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 2.94%. 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 58.21% 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?

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 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 updated 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 EPS 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 investors include ProShare Advisors LLC (1.02%), Confluence Investment Management LLC (0.46%), Keystone Financial Planning Inc. (0.16%), Janney Montgomery Scott LLC (0.16%), Hennessy Advisors Inc. (0.14%) and Mattern Capital Management LLC (0.13%). Insiders that own company stock include Donald L Correll, James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, 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 $52.40.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $5.08 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 2/6/2023 by MarketBeat.com Staff