New Jersey Resources/NJR

$41.79

-0.19%
-
1D1W1MYTD1YMAX

About New Jersey Resources

New Jersey Resources Corporation is a diversified energy services holding company. Its business is to distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity, and storage management operations. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Storage and Transportation segment consists of investments in the natural gas storage and transportation markets such as natural gas storage and transportation facilities.

Ticker

NJR

Sector

Utilities

Trading on

NYSE

Industry

Natural Gas Utilities

CEO

Stephen Westhoven

Employees

1,350

Headquarters

Belmar, United States

NJR Metrics

BasicAdvanced
$4.12B
Market cap
17.22
P/E ratio
$2.43
EPS
0.65
Beta
$1.20
Dividend rate
4.01%
Dividend yield
$4.12B
0.65438
$54.89
$38.92
516.26K
$1.20
0.704
0.47
132.562
156.194
66.3%
2.96%
3.5%
11.94%
4.12%
17.223
2.412
1.99
2.001
3.42%
2.87%
4.01%
-42.22%
-15.88%
0.16%
16.52%
-2.18%

What the Analysts think about NJR

Analyst Ratings

Majority rating from 7 analysts.
Hold

Price Targets

Average projection from 5 analysts.
16.77% upside
High $57.00
Low $43.00
$41.79
Current price
$48.80
Average price target

NJR Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
19.13% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$467.2M
41.02%
Net income
$89.4M
141.62%
Profit margin
19.13%
71.42%

NJR Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 0.89%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$1.16
$0.10
$0.30
$0.74
-
Expected
$1.21
-$0.04
$0.30
$0.75
$1.32
Surprise
-4.13%
-350%
0.56%
-0.89%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for New Jersey Resources stock?

New Jersey Resources (NJR) has a market cap of $4.12B as of April 14, 2024.

What is the P/E ratio for New Jersey Resources stock?

The price to earnings (P/E) ratio for New Jersey Resources (NJR) stock is 17.22 as of April 14, 2024.

Does New Jersey Resources stock pay dividends?

Yes, the New Jersey Resources (NJR) stock pays dividends to shareholders. As of April 14, 2024, the dividend rate is $1.2 and the yield is 4.01%. New Jersey Resources has a payout ratio of 66.3% on a trailing twelve-month basis.

When is the next New Jersey Resources dividend payment date?

The next New Jersey Resources (NJR) dividend payment date is unconfirmed.

What is the beta indicator for New Jersey Resources?

New Jersey Resources (NJR) has a beta rating of 0.65. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the New Jersey Resources stock price target?

The target price for New Jersey Resources (NJR) stock is $48.8, which is 16.77% above the current price of $41.79. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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