New Jersey Resources Corporation (NJR)

NYSE: NJR · IEX Real-Time Price · USD
44.63
0.61 (1.39%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap4.29B
Revenue (ttm)2.49B
Net Income (ttm)94.38M
Shares Out96.15M
EPS (ttm)1.54
PE Ratio29.00
Forward PE19.57
Dividend$1.42 (3.19%)
Ex-Dividend DateJun 14, 2022
Volume376,577
Open44.11
Previous Close44.02
Day's Range43.89 - 44.78
52-Week Range34.41 - 47.50
Beta0.57
AnalystsBuy
Price Target48.28 (+8.2%)
Earnings DateMay 5, 2022

About NJR

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity an...

IndustryGas Utilities
Founded1922
CEOLaurence Downes
Employees1,200
Stock ExchangeNYSE
Ticker SymbolNJR
Full Company Profile

Financial Performance

In 2021, NJR's revenue was $2.16 billion, an increase of 10.39% compared to the previous year's $1.95 billion. Earnings were $117.89 million, a decrease of -27.68%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for NJR stock is "Buy." The 12-month stock price forecast is 48.28, which is an increase of 8.18% from the latest price.

Price Target
$48.28
(8.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

New Jersey Resources (NJR) Tops Q2 Earnings and Revenue Estimates

New Jersey Resources (NJR) delivered earnings and revenue surprises of 7.09% and 23.83%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

New Jersey Resources Reports Second-Quarter Fiscal 2022 Results and Increases Net Financial Earnings Guidance for Fis...

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second-quarter of fiscal 2022. Highlights include: Consolidated net income of $96.0 million, com...

1 week ago - Business Wire

Analysts Estimate New Jersey Resources (NJR) to Report a Decline in Earnings: What to Look Out for

New Jersey Resources (NJR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

Has NewJersey Resources (NJR) Outpaced Other Utilities Stocks This Year?

Here is how New Jersey Resources (NJR) and OGE Energy (OGE) have performed compared to their sector so far this year.

2 weeks ago - Zacks Investment Research

New Jersey Resources Marks Earth Day 2022 With Sustainability Progress

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), parent company of New Jersey Natural Gas (NJNG), today marked Earth Day 2022 by announcing its membership in the Corporate Stewardship Coun...

3 weeks ago - Business Wire

New Jersey Resources Board of Directors Declares Quarterly Dividend

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources Corporation (NYSE: NJR) (the “Company” or “NJR”) unanimously declared a quarterly dividend on its common stock of $0.3625 per ...

3 weeks ago - Business Wire

New Jersey Resources Schedules Fiscal 2022 Second-Quarter Earnings Call

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2022...

1 month ago - Business Wire

NJR or ATO: Which Is a Better Utility Gas Distribution Stock?

At present, Atmos Energy (ATO) appears to be a better choice in the natural gas distribution stock when compared with New Jersey Resources (NJR).

Other symbols:ATO
2 months ago - Zacks Investment Research

5 High-Yielding Mid Cap Stocks to Buy Amid Global Uncertainty

We have narrowed our search to five mid-cap stocks with strong growth potential for 2022. These are: CBT, HII, HP, DTM and NJR.

Other symbols:CBTDTMHIIHP
2 months ago - Zacks Investment Research

4 Reasons to Add New Jersey Resources (NJR) to Your Portfolio

New Jersey Resources (NJR) rising earnings estimates, strong investment plans and stable cash flows make a strong case for investments in the gas distribution space.

2 months ago - Zacks Investment Research

New Jersey Resources (NJR) Beats Q1 Earnings and Revenue Estimates

New Jersey Resources (NJR) delivered earnings and revenue surprises of 16.95% and 52.26%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

New Jersey Resources Reports First-Quarter Fiscal 2022 Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the first-quarter of fiscal 2022. Highlights include: Consolidated net income of $111.3 million for ...

3 months ago - Business Wire

New Jersey Resources (NJR) Reports Next Week: Wall Street Expects Earnings Growth

New Jersey Resources (NJR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

4 Stocks to Watch in a Prospering Gas Distribution Industry

The near-term prospects of the Zacks Gas Distribution industry look promising. The gradual improvement in production and demand for natural gas will drive the performance of SRE, ATO, NFG and NJR.

Other symbols:ATONFGSRE
3 months ago - Zacks Investment Research

New Jersey Resources Highlights Sustainability Agenda at Annual Shareowners Meeting

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Highlights Sustainability Agenda

3 months ago - Business Wire

New Jersey Resources Hosts 69th Annual Meeting; Shareowners Elect Three Directors

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 69th Annual Shareowners Meeting. Due to the ongoing COVID-19 pandemic, the meeting was held virtually. By an overwhelming ...

3 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2022 First-Quarter Earnings Call

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) schedules fiscal 2022 first-quarter earnings call for Thursday, February 3, 2022 at 10 a.m. ET

4 months ago - Business Wire

Reasons to Add New Jersey Resources (NJR) to Your Portfolio

New Jersey Resources (NJR) makes a strong case for investment, given its positive estimates movement and solid investment plan.

4 months ago - Zacks Investment Research

New Jersey Resources Announces Executive Promotions and Key Leadership Changes

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced a series of executive and senior leadership promotions that position the company to execute on its growth strategy, sustaina...

5 months ago - Business Wire

3 Under-the-Radar Stocks to Buy in December

These lesser-known companies offer an intriguing blend of income and upside opportunity.

Other symbols:CEQPNFG
5 months ago - The Motley Fool

Steep Rise in Natural Gas Prices Prompts New Jersey Natural Gas to Implement a 5% Increase to Cover Wholesale Commodi...

WALL, N.J.--(BUSINESS WIRE)--Due to a significant increase in wholesale natural gas prices, today New Jersey Natural Gas (NJNG) filed a notice with the New Jersey Board of Public Utilities (BPU) for a 5...

5 months ago - Business Wire

New Jersey Resources (NJR) Q4 Earnings Lag Estimates

New Jersey Resources (NJR) delivered earnings and revenue surprises of -12.50% and 39.94%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

New Jersey Resources Reports Fourth-Quarter and Fiscal 2021 Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fourth-quarter and fiscal 2021. Highlights include: Consolidated net income of $117.9 million fo...

5 months ago - Business Wire

New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its base rate case and conclusion of its Safet...

5 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2021 Year-End Earnings Call

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2021...

6 months ago - Business Wire