Press coverage about New Jersey Resources (NYSE:NJR) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Jersey Resources earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.7210553966529 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of New Jersey Resources opened at $44.55 on Thursday, MarketBeat reports. The firm has a market cap of $3.90 billion, a PE ratio of 25.75, a P/E/G ratio of 2.82 and a beta of 0.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.05. New Jersey Resources has a 52-week low of $35.55 and a 52-week high of $45.45.
New Jersey Resources (NYSE:NJR) last announced its quarterly earnings results on Friday, May 4th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.65. The company had revenue of $1.02 million during the quarter, compared to the consensus estimate of $749.71 million. New Jersey Resources had a net margin of 9.06% and a return on equity of 21.16%. The company’s revenue for the quarter was down 99.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. sell-side analysts anticipate that New Jersey Resources will post 2.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.09 annualized dividend and a dividend yield of 2.45%. New Jersey Resources’s dividend payout ratio (DPR) is presently 63.01%.
NJR has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of New Jersey Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. ValuEngine downgraded shares of New Jersey Resources from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Bank of America downgraded shares of New Jersey Resources from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 5th. They noted that the move was a valuation call. TheStreet upgraded shares of New Jersey Resources from a “c+” rating to a “b+” rating in a report on Monday, March 12th. Finally, Argus upped their price target on shares of New Jersey Resources from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.25.
About New Jersey Resources
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 529,800 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.
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