New Jersey Resources Corporation which can be found using ticker (NJR) have now 6 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between 60 and 45 calculating the mean target price we have $52.17. Given that the stocks previous close was at $49.45 this is indicating there is a potential upside of 5.5%. The 50 day MA is $51.94 while the 200 day moving average is $48.25. The company has a market capitalization of 4.80B. The stock price is currently at: 49.46 USD
The potential market cap would be $5,059,660,834 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 16.38, revenue per share of 27.85 and a 4.61% return on assets.
New Jersey Resources Corporation is a diversified energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Storage and Transportation segment consists of investments in the natural gas storage and transportation markets such as natural gas storage and transportation facilities.
