Riding the Trend or Protecting Profits | New Jersey Resources Corporation (NJR) – News Heater
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Riding the Trend or Protecting Profits | New Jersey Resources Corporation (NJR)

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New Jersey Resources Corporation (NYSE:NJR) went up by 0.93% from its latest closing price compared to the recent 1-year high of $44.41. The company’s stock price has collected 3.27% of gains in the last five trading sessions. Press Release reported on 11/19/21 that Steep Rise in Natural Gas Prices Prompts New Jersey Natural Gas to Implement a 5% Increase to Cover Wholesale Commodity Costs

Is It Worth Investing in New Jersey Resources Corporation (NYSE :NJR) Right Now?

New Jersey Resources Corporation (NYSE:NJR) scored a price-to-earnings ratio above its average ratio, recording 23.33 x from its present earnings ratio. Plus, the 36-month beta value for NJR is at 0.59. Opinions of the stock are interesting as 2 analysts out of 7 who provided ratings for New Jersey Resources Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $42.50, which is $3.94 above the current price. NJR currently public float of 96.01M and currently shorts hold a 2.35% ratio of that float. Today, the average trading volume of NJR was 406.58K shares.

NJR’s Market Performance

NJR stocks went up by 3.27% for the week, with a monthly jump of 2.16% and a quarterly performance of 6.81%, while its annual performance rate touched 2.81%. The volatility ratio for the week stands at 2.18% while the volatility levels for the past 30 days are set at 2.07% for New Jersey Resources Corporation. The simple moving average for the period of the last 20 days is 1.83% for NJR stocks with a simple moving average of -1.00% for the last 200 days.

Analysts’ Opinion of NJR

Many brokerage firms have already submitted their reports for NJR stocks, with BofA Securities repeating the rating for NJR by listing it as a “Underperform.” The predicted price for NJR in the upcoming period, according to BofA Securities is $39 based on the research report published on June 25th of the current year 2021.

JP Morgan, on the other hand, stated in their research note that they expect to see NJR reach a price target of $43. The rating they have provided for NJR stocks is “Neutral” according to the report published on May 03rd, 2021.

Siebert Williams Shank gave a rating of “Buy” to NJR, setting the target price at $44 in the report published on January 19th of the current year.

NJR Trading at 5.07% from the 50-Day Moving Average

After a stumble in the market that brought NJR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.73% of loss for the given period.

Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.96% upper at present.

During the last 5 trading sessions, NJR rose by +3.27%, which changed the moving average for the period of 200-days by +4.87% in comparison to the 20-day moving average, which settled at $38.58. In addition, New Jersey Resources Corporation saw 10.27% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NJR starting from Migliaccio Patrick J., who sale 4,000 shares at the price of $39.02 back on Nov 23. After this action, Migliaccio Patrick J. now owns 38,706 shares of New Jersey Resources Corporation, valued at $156,080 using the latest closing price.

Shea Timothy F., the Vice President, Subsidiary of New Jersey Resources Corporation, sale 10,001 shares at $41.35 during a trade that took place back on Jun 23, which means that Shea Timothy F. is holding 58,406 shares at $413,525 based on the most recent closing price.

Stock Fundamentals for NJR

Current profitability levels for the company are sitting at:

  • +8.18 for the present operating margin
  • +8.18 for the gross margin

The net margin for New Jersey Resources Corporation stands at +9.93. The total capital return value is set at 4.26, while invested capital returns managed to touch 5.32.

Based on New Jersey Resources Corporation (NJR), the company’s capital structure generated 136.27 points at debt to equity in total, while total debt to capital is 57.68. Total debt to assets is 45.13, with long-term debt to equity ratio resting at 127.64. Finally, the long-term debt to capital ratio is 54.02.

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When we switch over and look at the enterprise to sales, we see a ratio of 3.06, with the company’s debt to enterprise value settled at 0.51. The receivables turnover for the company is 12.94 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.

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