Last Updated: 13 Nov 2024
Executive Summary
NewJersey Resources Corporation (NJR) is a leading energy services portfolio company with a market capitalization of $4.7 billion. The company's strong financial performance, driven by its regulated gas distribution and retail and wholesale energy services, has positioned it as a stable investment opportunity.
Company Overview
NJR is headquartered in Wall, New Jersey, and serves customers throughout the state. The company's core businesses include:
Regulated gas distribution
Retail and wholesale energy services
NJR has a long history of providing reliable and affordable energy services to its customers. The company's commitment to innovation and customer satisfaction has contributed to its success.
Fundamental Analysis
NJR's financial performance has been consistently strong in recent years. The company's latest financial results include:
Revenue of $1.73 billion
EBITDA of $537.5 million
Net income of $238 million
EPS of $2.38
NJR's financial ratios also indicate a healthy company:
P/E ratio of 19.98
PEG ratio of 2.366
Book value of $20.4
Dividend yield of 0.0378
Technical Analysis
NJR's stock price has been trading within a range of $38.31 to $48.38 over the past 52 weeks. The stock is currently trading at $47.75, near the upper end of its range.
The 50-day moving average is $46.51, and the 200-day moving average is $44.08. The stock is trading above both moving averages, indicating a bullish trend.
Short Term Outlook
NJR's stock price is expected to continue to trade within its current range in the short term. The company's strong financial performance and positive analyst recommendations provide support for the stock price.
Long Term Outlook
NJR's long-term outlook is positive. The company's regulated gas distribution business provides a stable source of revenue, while its retail and wholesale energy services offer growth potential.
Analyst Recommendations
Analysts have a bullish outlook on NJR. Three analysts have a "Strong Buy" rating on the stock, while four have a "Hold" rating. The average analyst target price is $50.4.
