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New Jersey Resources Corporation is currently in a long term uptrend where the price is trading 5.8% above its 200 day moving average.
From a valuation standpoint, the stock is 77.1% cheaper than other stocks from the Utilities sector with a price to sales ratio of 2.2.
New Jersey Resources Corporation's total revenue sank by 26.1% to $454M since the same quarter in the previous year.
Its net income has dropped by 9.3% to $81M since the same quarter in the previous year.
Finally, its free cash flow grew by 65.3% to $-55M since the same quarter in the previous year.
Based on the above factors, New Jersey Resources Corporation gets an overall score of 3/5.
| ISIN | US6460251068 |
|---|---|
| Industry | Utilities-Regulated Gas |
| Sector | Utilities |
| Exchange | NYSE |
| CurrencyCode | USD |
| Beta | 0.65 |
|---|---|
| Target Price | 51.83 |
| Dividend Yield | 2.8% |
| Market Cap | 5B |
| PE Ratio | 19.06 |
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 569,300 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. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
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