Somewhat Positive Media Coverage Somewhat Unlikely to Impact NewJersey Resources Corporation (NJR) Share Price
Media coverage about NewJersey Resources Corporation (NYSE:NJR) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing 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 nearest to one being the most favorable. NewJersey Resources Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.2491922239863 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages recently commented on NJR. BidaskClub upgraded shares of NewJersey Resources Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Bank of America Corporation reiterated an “underperform” rating and set a $35.00 target price (up previously from $32.00) on shares of NewJersey Resources Corporation in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of NewJersey Resources Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, July 11th. Finally, Argus boosted their target price on shares of NewJersey Resources Corporation from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $40.80.
NewJersey Resources Corporation (NYSE NJR) opened at 43.50 on Monday. NewJersey Resources Corporation has a 1-year low of $30.46 and a 1-year high of $44.30. The firm has a 50-day moving average of $42.61 and a 200 day moving average of $40.85. The firm has a market cap of $3.76 billion, a P/E ratio of 19.50 and a beta of 0.47.
NewJersey Resources Corporation (NYSE:NJR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.19. NewJersey Resources Corporation had a net margin of 8.81% and a return on equity of 12.77%. The company had revenue of $457.52 million during the quarter, compared to analyst estimates of $410.24 million. During the same period last year, the business earned $0.13 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that NewJersey Resources Corporation will post $1.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 21st. NewJersey Resources Corporation’s payout ratio is 45.74%.
NewJersey Resources Corporation Company Profile
New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream.
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