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How Much Longer Will It Be Under $1? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
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Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
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What Is WallStreetBets and What Stocks Are They Targeting?
How Much Longer Will It Be Under $1? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
How Much Longer Will It Be Under $1? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NYSE:NJR

New Jersey Resources - NJR Stock Forecast, Price & News

$46.50
+0.99 (+2.18%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.58
$46.55
50-Day Range
$41.33
$46.87
52-Week Range
$34.41
$47.50
Volume
288,219 shs
Average Volume
503,474 shs
Market Capitalization
$4.47 billion
P/E Ratio
20.31
Dividend Yield
3.19%
Price Target
$46.00

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.1% Downside
$46.00 Price Target
Short Interest
Healthy
3.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of New Jersey Resources in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$121,722 Sold Last Quarter
Proj. Earnings Growth
-1.61%
From $2.48 to $2.44 Per Share

Overall MarketRank

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

1.96 out of 5 stars

Utilities Sector

66th out of 87 stocks

Natural Gas Distribution Industry

9th out of 13 stocks

NJR stock logo

About New Jersey Resources (NYSE:NJR) Stock

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.

New Jersey Resources Stock Up 2.2 %

Shares of New Jersey Resources stock traded up $0.99 during trading on Friday, reaching $46.50. The stock had a trading volume of 288,219 shares, compared to its average volume of 503,474. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 3.06 and a beta of 0.53. The stock has a fifty day moving average price of $44.36 and a two-hundred day moving average price of $43.96. New Jersey Resources has a 52 week low of $34.41 and a 52 week high of $47.50. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43.

New Jersey Resources (NYSE:NJR - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $552.34 million during the quarter, compared to the consensus estimate of $418.65 million. New Jersey Resources had a net margin of 8.20% and a return on equity of 11.54%. The business's revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) earnings per share. Sell-side analysts predict that New Jersey Resources will post 2.48 EPS for the current fiscal year.

New Jersey Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 26th will be issued a $0.3625 dividend. The ex-dividend date is Friday, September 23rd. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.12%. New Jersey Resources's dividend payout ratio (DPR) is 63.32%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NJR shares. StockNews.com raised New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Wednesday, May 18th. Mizuho boosted their target price on New Jersey Resources from $42.00 to $45.00 in a research note on Friday, April 29th. Wells Fargo & Company boosted their target price on New Jersey Resources from $45.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, TheStreet cut New Jersey Resources from a "b" rating to a "c+" rating in a research note on Wednesday, July 20th.

Insider Buying and Selling

In related news, COO Patrick J. Migliaccio sold 2,690 shares of the company's stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $45.25, for a total transaction of $121,722.50. Following the sale, the chief operating officer now owns 36,016 shares in the company, valued at $1,629,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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NJR Stock News Headlines

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NJR Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
8/04/2022
Today
8/12/2022
Ex-Dividend for 10/3 Dividend
9/23/2022
Fiscal Year End
9/30/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/17/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$46.00
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$117.89 million
Pretax Margin
10.18%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.38 per share
Book Value
$18.38 per share

Miscellaneous

Free Float
95,574,000
Market Cap
$4.47 billion
Optionable
Optionable
Beta
0.53

Key Executives

  • Mr. Stephen D. Westhoven (Age 54)
    Pres, CEO & Director
    Comp: $2.18M
  • Mr. Patrick J. Migliaccio (Age 48)
    Sr. VP & COO of New Jersey Natural Gas
    Comp: $849.6k
  • Ms. Amy Cradic (Age 50)
    Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs
    Comp: $689.55k
  • Mr. Roberto F. Bel (Age 49)
    Sr. VP and CFO
  • Ms. Jacqueline K. Shea (Age 58)
    VP & Chief Information Officer
  • Mr. Richard Reich (Age 47)
    Sr. VP & Gen. Counsel
  • Mr. Robert Pohlman
    VP of Strategy, Communications, Gov. Relations & Policy
  • Mr. David Johnson (Age 53)
    VP of Corp. Bus. Devel.
  • Mr. Glenn C. Lockwood (Age 61)
    Exec. VP
  • Mr. Thomas J. Massaro Jr. (Age 56)
    SVP of NJR Retail & Pres of NJR Home Services













NJR Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 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 2022?

2 brokers have issued 12-month price objectives for New Jersey Resources' stock. Their NJR share price forecasts range from $45.00 to $47.00. On average, they predict the company's stock price to reach $46.00 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
View analysts price targets for NJR
or view top-rated stocks among Wall Street analysts.

How have NJR shares performed in 2022?

New Jersey Resources' stock was trading at $41.06 on January 1st, 2022. Since then, NJR shares have increased by 13.2% and is now trading at $46.50.
View the best growth stocks for 2022 here
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings data on Thursday, August, 4th. The utilities provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by $0.10. The utilities provider had revenue of $552.34 million for the quarter, compared to analyst estimates of $418.65 million. New Jersey Resources had a trailing twelve-month return on equity of 11.54% and a net margin of 8.20%. The firm's quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS.

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 Friday, July 15th. Stockholders of record on Monday, September 26th will be given a dividend of $0.3625 per share on Monday, October 3rd. This represents a $1.45 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, September 23rd.
Read our dividend analysis for NJR
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.19%. 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 63.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 59.43% 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 the morning of Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly issued shares were distributed 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 updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $2.40-$2.50 for the period, compared to the consensus earnings per share estimate of $2.35. 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 variety of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (2.66%), Northern Trust Corp (1.29%), JPMorgan Chase & Co. (0.91%), ProShare Advisors LLC (0.74%), FMR LLC (0.69%) and Confluence Investment Management LLC (0.45%). Insiders that own company stock include Donald L Correll, James H Degraffenreidt Jr, Laurence M Downes, 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 $46.50.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.47 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $2.29 on an earnings per share basis.

How many employees does New Jersey Resources have?

The company 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 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 8/13/2022 by MarketBeat.com Staff

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