NewJersey Resources Corporation is an utilities-regulated gas business based in the US. NewJersey Resources Corporation shares (NJR) are listed on the NYSE and all prices are listed in US Dollars. NewJersey Resources Corporation employs 1,288 staff and has a trailing 12-month revenue of around $2.9 billion.
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| Latest market close | $49.92 |
|---|---|
| 52-week range | $37.57 - $51.59 |
| 50-day moving average | $48.91 |
| 200-day moving average | $45.38 |
| Wall St. target price | $49.17 |
| PE ratio | 17.1165 |
| Dividend yield | $1.478 (3.2%) |
| Earnings per share (TTM) | $2.85 |
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Historical closes compared with the close of $49.92 from 2023-01-31
| 1 week (2023-01-24) | 1.92% |
|---|---|
| 1 month (2022-12-30) | 0.60% |
| 3 months (2022-11-01) | 10.66% |
| 6 months (2022-08-01) | 9.09% |
| 1 year (2022-02-01) | 24.64% |
|---|---|
| 2 years (2021-02-01) | 39.99% |
| 3 years (2020-01-31) | 20.81% |
| 5 years (2018-02-01) | 30.34% |
Valuing NewJersey Resources Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NewJersey Resources Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
NewJersey Resources Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, NewJersey Resources Corporation shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
NewJersey Resources Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.9074. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NewJersey Resources Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
NewJersey Resources Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $538.3 million.
The EBITDA is a measure of a NewJersey Resources Corporation's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $2.9 billion |
|---|---|
| Operating margin TTM | 13.99% |
| Gross profit TTM | $605.7 million |
| Return on assets TTM | 4.24% |
| Return on equity TTM | 1594.64% |
| Profit margin | 9.46% |
| Book value | $18.88 |
| Market capitalisation | $4.7 billion |
TTM: trailing 12 months
Dividend payout ratio: 59.96% of net profits
Recently NewJersey Resources Corporation has paid out, on average, around 59.96% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.2% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), NewJersey Resources Corporation shareholders could enjoy a 3.2% return on their shares, in the form of dividend payments. In NewJersey Resources Corporation's case, that would currently equate to about $1.478 per share.
NewJersey Resources Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
NewJersey Resources Corporation's most recent dividend payout was on 2 January 2023. The latest dividend was paid out to all shareholders who bought their shares by 12 December 2022 (the "ex-dividend date").
NewJersey Resources Corporation's shares were split on a 2:1 basis on 3 March 2015. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your NewJersey Resources Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for NewJersey Resources Corporation shares which in turn could have impacted NewJersey Resources Corporation's share price.
Over the last 12 months, NewJersey Resources Corporation's shares have ranged in value from as little as $37.5707 up to $51.59. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while NewJersey Resources Corporation's is 0.6718. This would suggest that NewJersey Resources Corporation's shares are less volatile than average (for this exchange).
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 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities.
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