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New Jersey Resources NYSE:NJR Stock Report

Last Price

US$42.02

Market Cap

US$4.1b

7D

1.6%

1Y

-17.9%

Updated

21 Feb, 2024

Data

Company Financials +

New Jersey Resources Corporation

NYSE:NJR Stock Report

Market Cap: US$4.1b

NJR Stock Overview

New Jersey Resources Corporation, an energy services holding company, distributes natural gas.

NJR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health1/6
Dividends4/6

New Jersey Resources Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for New Jersey Resources
Historical stock prices
Current Share PriceUS$42.02
52 Week HighUS$55.84
52 Week LowUS$38.92
Beta0.65
1 Month Change-0.38%
3 Month Change-1.57%
1 Year Change-17.93%
3 Year Change7.36%
5 Year Change-13.04%
Change since IPO2,754.19%

Recent News & Updates

New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way

Feb 15

Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 09
Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Recent updates

New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way

Feb 15

Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 09
Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Jan 25
Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

Dec 24
Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing

New Jersey Resources: Waiting For That Valuation "HOLD"

Nov 03

Is New Jersey Resources (NYSE:NJR) A Risky Investment?

Oct 10
Is New Jersey Resources (NYSE:NJR) A Risky Investment?

A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Sep 27
A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

Sep 12
New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42

New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

Aug 29
New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39

New Jersey Resources Corporation: Solid Business But Pricey

Aug 23

New Jersey Resources: Rate Base Expansion Key To Sustained Dividend

Aug 16

New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

Aug 13
New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Jul 29
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

Jun 27
We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt

New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

Jun 14
New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price

New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

May 31
New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns

New Jersey Resources: Distribution Growth Creating Margin Expansion

May 29

Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

Apr 12
Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Mar 29
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

Feb 13
New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital

New Jersey Resources Q1 2023 Earnings Preview

Feb 01

New Jersey Resources declares $0.39 dividend

Jan 25

Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

Dec 26
Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?

New Jersey Resources: A Compounder, But An Expensive One At This Time

Dec 13

Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

Dec 09
Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?

News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Nov 23
News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts

Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Nov 17
Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources Q4 2022 Earnings Preview

Nov 16

New Jersey Resources declares $0.39 dividend

Nov 10

New Jersey Resources: A Compounder With Some Downside Remaining

Sep 30

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Sep 27
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

Sep 15
New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625

New Jersey Resources raises quarterly dividend by 7.6%

Sep 14

Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

Sep 13
Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return

If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Aug 18
If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity

Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

Aug 06
Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources: Bad To Worse

Jul 12

New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

May 26
New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt

Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

May 12
Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

Apr 29
Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

Feb 25
New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt

New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

Feb 10
New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue

New Jersey Resources: Solid Natural Gas Utility With Inflation Protection

Jan 31

Shareholder Returns

NJRUS Gas UtilitiesUS Market
7D1.6%2.6%-0.5%
1Y-17.9%-13.6%22.3%

Return vs Industry: NJR underperformed the US Gas Utilities industry which returned -15.2% over the past year.

Return vs Market: NJR underperformed the US Market which returned 20.5% over the past year.

Price Volatility

Is NJR's price volatile compared to industry and market?
NJR volatility
NJR Average Weekly Movement3.4%
Gas Utilities Industry Average Movement4.0%
Market Average Movement6.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: NJR has not had significant price volatility in the past 3 months.

Volatility Over Time: NJR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19811,350Steve Westhovenhttps://www.njresources.com

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. 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 576,000 customers in 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.

New Jersey Resources Corporation Fundamentals Summary

How do New Jersey Resources's earnings and revenue compare to its market cap?
NJR fundamental statistics
Market capUS$4.13b
Earnings (TTM)US$238.21m
Revenue (TTM)US$1.71b

17.3x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NJR income statement (TTM)
RevenueUS$1.71b
Cost of RevenueUS$1.12b
Gross ProfitUS$588.62m
Other ExpensesUS$350.41m
EarningsUS$238.21m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)2.42
Gross Margin34.49%
Net Profit Margin13.96%
Debt/Equity Ratio154.8%

How did NJR perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

66%

Payout Ratio

Does NJR pay a reliable dividends?

See NJR dividend history and benchmarks
When do you need to buy NJR by to receive an upcoming dividend?
New Jersey Resources dividend dates
Ex Dividend DateMar 12 2024
Dividend Pay DateApr 01 2024
Days until Ex dividend20 days
Days until Dividend pay date40 days

Does NJR pay a reliable dividends?

See NJR dividend history and benchmarks
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.