New Jersey Resources Corp. (NYSE:NJR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, AR Network reports. They currently have a $50.50 target price on the stock. Zacks‘ target price indicates a potential upside of 11.97% from the stock’s previous close.
New Jersey Resources Corp. (NYSE:NJR) traded down 2.42% on Wednesday, hitting $44.01. The stock had a trading volume of 105,573 shares. New Jersey Resources Corp. has a 52-week low of $38.61 and a 52-week high of $47.60. The stock has a 50-day moving average of $45.49 and a 200-day moving average of $44.33. The company has a market cap of $1.821 billion and a price-to-earnings ratio of 14.96.
New Jersey Resources Corp. (NYSE:NJR) last announced its earnings results on Monday, November 25th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $615.50 million for the quarter, compared to the consensus estimate of $580.21 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. Analysts expect that New Jersey Resources Corp. will post $2.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, December 11th.
New Jersey Resources Corporation (NYSE:NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and Canada.
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