NJR Stock Overview
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services.
New Jersey Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$44.02|
|52 Week High||US$47.50|
|52 Week Low||US$34.41|
|1 Month Change||-3.87%|
|3 Month Change||9.23%|
|1 Year Change||1.97%|
|3 Year Change||-11.62%|
|5 Year Change||8.96%|
|Change since IPO||866.29%|
Recent News & Updates
Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)
In this article we are going to estimate the intrinsic value of New Jersey Resources Corporation ( NYSE:NJR ) by...
|NJR||US Gas Utilities||US Market|
Return vs Industry: NJR underperformed the US Gas Utilities industry which returned 3.1% over the past year.
Return vs Market: NJR exceeded the US Market which returned -10.4% over the past year.
|NJR Average Weekly Movement||3.6%|
|Gas Utilities Industry Average Movement||3.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: NJR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NJR's weekly volatility (4%) has been stable over the past year.
About the Company
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 564,000 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.
New Jersey Resources Fundamentals Summary
|NJR fundamental statistics|
Is NJR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NJR income statement (TTM)|
|Cost of Revenue||US$2.03b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.98|
|Net Profit Margin||3.79%|
How did NJR perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Does NJR pay a reliable dividends?See NJR dividend history and benchmarks
|New Jersey Resources dividend dates|
|Ex Dividend Date||Jun 14 2022|
|Dividend Pay Date||Jul 01 2022|
|Days until Ex dividend||28 days|
|Days until Dividend pay date||45 days|
Does NJR pay a reliable dividends?See NJR dividend history and benchmarks
Is New Jersey Resources undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NJR ($44.02) is trading below our estimate of fair value ($47.98)
Significantly Below Fair Value: NJR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NJR is poor value based on its PE Ratio (44.8x) compared to the US Gas Utilities industry average (21.9x).
PE vs Market: NJR is poor value based on its PE Ratio (44.8x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: NJR is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: NJR is overvalued based on its PB Ratio (2.4x) compared to the US Gas Utilities industry average (1.8x).
How is New Jersey Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NJR's forecast earnings growth (10.7% per year) is above the savings rate (1.9%).
Earnings vs Market: NJR's earnings (10.7% per year) are forecast to grow slower than the US market (12.6% per year).
High Growth Earnings: NJR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NJR's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: NJR's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NJR's Return on Equity is forecast to be low in 3 years time (13.6%).
How has New Jersey Resources performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NJR has high quality earnings.
Growing Profit Margin: NJR's current net profit margins (3.8%) are lower than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: NJR's earnings have declined by 6.1% per year over the past 5 years.
Accelerating Growth: NJR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NJR had negative earnings growth (-61.4%) over the past year, making it difficult to compare to the Gas Utilities industry average (4%).
Return on Equity
High ROE: NJR's Return on Equity (5.3%) is considered low.
How is New Jersey Resources's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($556.0M) do not cover its short term liabilities ($882.1M).
Long Term Liabilities: NJR's short term assets ($556.0M) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: NJR's net debt to equity ratio (145.6%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 99.6% to 146.4% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (14%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.6x coverage).
What is New Jersey Resources's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NJR's dividend (3.29%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: NJR's dividend (3.29%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: NJR's dividends per share have been stable in the past 10 years.
Growing Dividend: NJR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (144.6%), NJR's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NJR is paying a dividend but the company has no free cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Westhoven (53 yo)
Mr. Stephen D. Westhoven, also known as Steve, is Chief Executive Officer and President of New Jersey Resources Corporation since October 1, 2019 and October 1, 2018 respectively and has been its Director...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.78M) is below average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: NJR's management team is considered experienced (2.9 years average tenure).
Experienced Board: NJR's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Jersey Resources Corporation's employee growth, exchange listings and data sources
- Name: New Jersey Resources Corporation
- Ticker: NJR
- Exchange: NYSE
- Founded: 1981
- Industry: Gas Utilities
- Sector: Utilities
- Implied Market Cap: US$4.233b
- Shares outstanding: 96.15m
- Website: https://www.njresources.com
Number of Employees
- New Jersey Resources Corporation
- 1415 Wyckoff Road
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.