Log in

NYSE:NJRNew Jersey Resources Stock Price, Forecast & News

$32.40
+0.18 (+0.56 %)
(As of 07/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$32.17
Now: $32.40
$33.04
50-Day Range
$30.07
MA: $33.08
$36.18
52-Week Range
$21.14
Now: $32.40
$50.62
Volume348,547 shs
Average Volume533,081 shs
Market Capitalization$3.10 billion
P/E Ratio16.20
Dividend Yield3.86%
Beta0.39
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 Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in commercial and residential solar projects located in New Jersey; and onshore wind projects. The Energy Services segment provides 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 Midstream segment invests in natural gas transportation and storage facilities. The company offers heating, ventilation, and cooling services; holds commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. New Jersey Resources Corporation was founded in 1922 and is based in Wall, New Jersey.
Read More
New Jersey Resources logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryGas Utilities
SectorUtilities
CUSIP64602510
Phone732-938-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.59 billion
Cash Flow$2.96 per share
Book Value$17.25 per share

Profitability

Net Income$169.51 million

Miscellaneous

Employees1,108
Market Cap$3.10 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

Receive NJR News and Ratings via Email

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

New Jersey Resources (NYSE:NJR) Frequently Asked Questions

How has New Jersey Resources' stock been impacted by COVID-19 (Coronavirus)?

New Jersey Resources' stock was trading at $33.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NJR shares have decreased by 2.4% and is now trading at $32.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Jersey Resources?

3 Wall Street 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, resulting in a consensus recommendation of "Hold." View analyst ratings for New Jersey Resources.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for New Jersey Resources.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Corp (NYSE:NJR) issued its quarterly earnings data on Friday, May, 8th. The utilities provider reported $1.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.43 by $0.31. The utilities provider earned $639.60 million during the quarter, compared to the consensus estimate of $881.60 million. New Jersey Resources had a return on equity of 9.11% and a net margin of 8.65%. The business's quarterly revenue was down 26.2% on a year-over-year basis. During the same period last year, the business posted $1.27 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 announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 16th will be given a dividend of $0.313 per share on Wednesday, July 1st. This represents a $1.25 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Monday, June 15th. View New Jersey Resources' dividend history.

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

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 distributed to shareholders after the market closes 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 FY20 earnings guidance on Friday, May, 8th. The company provided earnings per share (EPS) guidance of $2.05 to $2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10.

What price target have analysts set for NJR?

3 brokers have issued 1-year price objectives for New Jersey Resources' shares. Their forecasts range from $38.00 to $38.00. On average, they anticipate New Jersey Resources' stock price to reach $38.00 in the next year. This suggests a possible upside of 17.3% from the stock's current price. View analysts' price targets for New Jersey Resources.

Has New Jersey Resources been receiving favorable news coverage?

News headlines about NJR stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Jersey Resources earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about New Jersey Resources.

Who are some of New Jersey Resources' key competitors?

What other stocks do shareholders of New Jersey Resources own?

Who are New Jersey Resources' key executives?

New Jersey Resources' management team includes the following people:
  • Mr. Laurence M. Downes, Chairman & CEO (Age 62)
  • Mr. Stephen D. Westhoven, Pres, COO & Director (Age 51)
  • Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 45)
  • Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 55)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 53)

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 institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.56%) and Cox Capital Mgt LLC (0.02%). Company insiders that own New Jersey Resources stock include David A Trice, Donald L Correll, Jane M Kenny, Laurence M Downes, M William Howard Jr, M William Howard, Jr and Patrick J Migliaccio. View institutional ownership trends for New Jersey Resources.

Which major investors are buying New Jersey Resources stock?

NJR stock was acquired by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC, and Confluence Investment Management LLC. View insider buying and selling activity for New Jersey Resources.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Jersey Resources' stock price today?

One share of NJR stock can currently be purchased for approximately $32.40.

How big of a company is New Jersey Resources?

New Jersey Resources has a market capitalization of $3.10 billion and generates $2.59 billion in revenue each year. The utilities provider earns $169.51 million in net income (profit) each year or $1.95 on an earnings per share basis. New Jersey Resources employs 1,108 workers across the globe.

What is New Jersey Resources' official website?

The official website for New Jersey Resources is www.njresources.com.

How can I contact New Jersey Resources?

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The utilities provider can be reached via phone at 732-938-1000 or via email at [email protected]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.