New Jersey Resources Corp. (NYSE:NJR) is set to release its earnings data before the market opens on Thursday, November 17th. Analysts expect New Jersey Resources Corp. to post earnings of $0.01 per share for the quarter.

Earnings History for New Jersey Resources Corp. (NYSE:NJR)

Shares of New Jersey Resources Corp. (NYSE:NJR) opened at 33.95 on Tuesday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 26.46 and a beta of 0.38. New Jersey Resources Corp. has a 12-month low of $28.02 and a 12-month high of $38.92. The firm’s 50-day moving average price is $32.82 and its 200-day moving average price is $35.06.

A number of hedge funds have recently bought and sold shares of NJR. State Street Corp increased its stake in New Jersey Resources Corp. by 43.2% in the second quarter. State Street Corp now owns 7,392,860 shares of the company’s stock valued at $284,991,000 after buying an additional 2,230,789 shares during the period. BlackRock Fund Advisors increased its stake in New Jersey Resources Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 6,675,546 shares of the company’s stock valued at $257,342,000 after buying an additional 319,788 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in New Jersey Resources Corp. by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,575,715 shares of the company’s stock valued at $99,294,000 after buying an additional 6,594 shares during the period. BlackRock Investment Management LLC increased its stake in New Jersey Resources Corp. by 5.7% in the second quarter. BlackRock Investment Management LLC now owns 627,786 shares of the company’s stock valued at $24,201,000 after buying an additional 33,944 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in New Jersey Resources Corp. during the second quarter valued at $19,275,000. Hedge funds and other institutional investors own 60.55% of the company’s stock.

NJR has been the subject of a number of recent analyst reports. Guggenheim initiated coverage on shares of New Jersey Resources Corp. in a report on Thursday, November 3rd. They set a “buy” rating and a $36.00 price target for the company. Zacks Investment Research upgraded shares of New Jersey Resources Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, October 11th. TheStreet downgraded shares of New Jersey Resources Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Argus restated a “buy” rating and set a $42.00 price target on shares of New Jersey Resources Corp. in a report on Friday, September 16th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.50.

About New Jersey Resources Corp.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings).

5 Day Chart for NYSE:NJR

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