South Jersey Industries (SJI) Receiving Somewhat Favorable Press Coverage, Accern Reports
Media stories about South Jersey Industries (NYSE:SJI) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. South Jersey Industries earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.5290470790675 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- South Jersey Industries, Inc. :SJI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017 (finance.yahoo.com)
- South Jersey Industries (SJI) vs. Chesapeake Utilities Corporation (CPK) Head to Head Contrast (americanbankingnews.com)
- Analyzing South Jersey Industries (SJI) & NewJersey Resources Corporation (NJR) (americanbankingnews.com)
- Head-To-Head Comparison: South Jersey Industries (SJI) & Chesapeake Utilities Corporation (CPK) (americanbankingnews.com)
- South Jersey Industries, Inc. – Value Analysis (NYSE:SJI) : August 21, 2017 (finance.yahoo.com)
Several research analysts recently weighed in on SJI shares. Zacks Investment Research upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. Janney Montgomery Scott upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.25.
Shares of South Jersey Industries (SJI) opened at 35.39 on Wednesday. South Jersey Industries has a 12-month low of $27.51 and a 12-month high of $38.40. The firm has a market cap of $2.81 billion, a P/E ratio of 32.86 and a beta of 0.77. The firm has a 50-day moving average of $34.38 and a 200-day moving average of $35.17.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The company had revenue of $244.37 million during the quarter, compared to analyst estimates of $179.63 million. During the same quarter last year, the firm posted $0.12 EPS. On average, equities analysts forecast that South Jersey Industries will post $1.19 earnings per share for the current fiscal year.
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About South Jersey Industries
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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