Somewhat Favorable Media Coverage Somewhat Unlikely to Impact NewJersey Resources Corporation (NJR) Stock Price
Media stories about NewJersey Resources Corporation (NYSE:NJR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NewJersey Resources Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.4319549230729 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- New Jersey Resources (NJR) Names Stephen Westhoven as COO – StreetInsider.com (streetinsider.com)
- New Jersey Resources Announces Promotions (finance.yahoo.com)
- New Jersey Resources Board of Directors Declares Quarterly Dividend (finance.yahoo.com)
- NewJersey Resources Corporation (NJR) to Issue Quarterly Dividend of $0.27 (americanbankingnews.com)
- NewJersey Resources Corporation (NJR) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
NewJersey Resources Corporation (NYSE NJR) opened at $44.95 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 0.70. The company has a market cap of $3,833.66, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 3.95 and a beta of 0.45. NewJersey Resources Corporation has a 1 year low of $32.20 and a 1 year high of $45.45.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.42%. This is an increase from NewJersey Resources Corporation’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 14th. NewJersey Resources Corporation’s dividend payout ratio is presently 48.88%.
A number of research firms have recently weighed in on NJR. Bank of America Corporation upped their price target on shares of NewJersey Resources Corporation from $35.00 to $38.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of NewJersey Resources Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of NewJersey Resources Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Argus increased 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 report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. NewJersey Resources Corporation currently has a consensus rating of “Buy” and a consensus price target of $42.00.
About NewJersey Resources Corporation
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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