Media coverage about NewJersey Resources (NYSE:NJR) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 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 sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.8098301884387 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- NewJersey Resources Corporation (NJR) Expected to Announce Earnings of $0.59 Per Share (americanbankingnews.com)
- NewJersey Resources Corporation (NJR) VP Amanda Mullan Sells 920 Shares (americanbankingnews.com)
- Head-To-Head Comparison: Chesapeake Utilities (CPK) and NewJersey Resources (NJR) (americanbankingnews.com)
- NewJersey Resources (NJR) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
NewJersey Resources (NYSE:NJR) traded up $0.15 during midday trading on Thursday, reaching $43.55. 352,737 shares of the company’s stock traded hands, compared to its average volume of 426,399. NewJersey Resources has a 1 year low of $33.70 and a 1 year high of $45.45. The company has a current ratio of 0.72, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81. The company has a market cap of $3,761.32, a PE ratio of 25.17, a price-to-earnings-growth ratio of 3.95 and a beta of 0.43.
NewJersey Resources (NYSE:NJR) last posted its quarterly earnings data on Tuesday, November 21st. The utilities provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $536.50 million during the quarter, compared to the consensus estimate of $480.90 million. NewJersey Resources had a net margin of 5.82% and a return on equity of 11.97%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. equities research analysts anticipate that NewJersey Resources will post 1.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from NewJersey Resources’s previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a dividend yield of 2.50%. NewJersey Resources’s dividend payout ratio (DPR) is 71.71%.
Several research analysts have commented on the stock. ValuEngine cut shares of NewJersey Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Janney Montgomery Scott upgraded shares of NewJersey Resources from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th. Argus upped their target price on shares of NewJersey Resources from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, BidaskClub upgraded shares of NewJersey Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. NewJersey Resources currently has a consensus rating of “Buy” and an average price target of $42.00.
In other news, Director Lawrence R. Codey sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $43.13, for a total value of $258,780.00. Following the completion of the transaction, the director now directly owns 13,266 shares in the company, valued at $572,162.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amanda Mullan sold 920 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.64, for a total transaction of $41,068.80. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
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NewJersey Resources 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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