Nov. 28, 2022 Price forecast | 2 weeks: -1.75% | 1 month: -3.66% | 3 months: -8.09%


NJR stock forecast

Our latest prediction for New Jersey Resources Corporation's stock price was made on the Nov. 28, 2022 when the stock price was at 48.82$.

In the short term (2weeks), NJR's stock price should underperform the market by -1.75%. During that period the price should oscillate between -5.94% and +1.10%.

In the medium term (3months), NJR's stock price should underperform the market by -8.09%. During that period the price should oscillate between -24.55% and +15.85%.

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About New Jersey Resources Corporation

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey's Monmouth, Ocean, Morris, Middlesex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

At the moment the company doesn't generate any revenue.

On its last earning announcement, the company reported a profit of 2.86$ per share.

The book value per share is 16.43$

New Jersey Resources Corporation website


Three months stock forecastNov. 28, 2022


Financials

Revenue USD Gross Margin Operating Income Operating Margin Net Income Earnings Per Share Dividends Payout Ratio Shares Book Value Per Share Operating Cash Flow Cap Spending Free Cash Flow
- - 406M - 11M 2.86 0.36 45.00% 96M 16.43 - - -