Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NewJersey Resources (NJR) Stock Price
News coverage about NewJersey Resources (NYSE:NJR) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NewJersey Resources earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.8724696810728 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- New Jersey Resources’ Unit Seeks Permit for 84-Mile Pipeline … – Nasdaq (nasdaq.com)
- Unusual Activity Spotted in Newjersey Resources Corp (NJR) and Stoxx Euro Select Div First Trust (FDD) – Clawson News (clawsonnews.com)
- NJR Files FERC Application For Talen Energy Pipeline In Pa. (law360.com)
- Adelphia Gateway Files Application with FERC for Certificate of Public Convenience and Necessity (finance.yahoo.com)
Shares of NewJersey Resources (NJR) opened at $38.85 on Friday. The company has a market capitalization of $3,433.00, a price-to-earnings ratio of 25.56, a P/E/G ratio of 3.64 and a beta of 0.43. The company has a current ratio of 0.72, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81. NewJersey Resources has a 1 year low of $36.00 and a 1 year high of $45.45.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, December 14th. This is a boost from NewJersey Resources’s previous quarterly dividend of $0.26. NewJersey Resources’s dividend payout ratio is 71.71%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded NewJersey Resources from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Guggenheim reiterated a “buy” rating and set a $44.00 price objective on shares of NewJersey Resources in a research report on Wednesday, January 3rd. ValuEngine cut NewJersey Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Janney Montgomery Scott upgraded NewJersey Resources from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Finally, TheStreet cut NewJersey Resources from a “b” rating to a “c+” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.00.
In other NewJersey Resources news, Director Lawrence R. Codey sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $43.13, for a total value of $258,780.00. Following the completion of the sale, the director now owns 13,266 shares in the company, valued at $572,162.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Amanda Mullan sold 920 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $44.64, for a total value of $41,068.80. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
About NewJersey Resources
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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