Home News Latest Fundamentals: NewJersey Resources Corporation (NYSE: NJR)

Latest Fundamentals: NewJersey Resources Corporation (NYSE: NJR)

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NewJersey Resources Corporation is part of the regulated utilities industry and utilities sector. The company CEO is Laurence M. Downes. New Jersey Resources Corp is a utilities service provider. The company mainly provides other retail and wholesale energy services.

Previous Intraday Trading Performance:

The NJR stock showed a previous change of 0.14% with an open at 50.12 and a close of 50.21. It reached an intraday high of 50.54 and a low of 49.88.

Business Wire:  New Jersey Natural Gas Plans to Invest $507 Million to Strengthen Infrastructure

Liquidity:

The stock has a market cap of $4.5b with 88.8m shares outstanding, of which the float is 87.2m shares. Trading volume reached 232,156 shares compared to its average volume of 475,462 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, NewJersey Resources Corporation shares returned 3.04% and in the past 30 trading days it returned 6.74%. Over three months, it changed -0.33%. In one year it has changed 29.28% and within that year its 52-week high was 51.83 and its 52-week low was 38.05. NJR stock is 31.96% above its 52 Week Low.

Our calculations show a 200 day moving average of 45.90 and a 50 day moving average of 46.94. Currently NJR stock is trading 9.40% above its 200 day moving average.

Business Wire:  New Jersey Natural Gas Plans to Invest $507 Million to Strengthen Infrastructure

Earnings:

The last annual fiscal EPS for the company was reported at 2.65 that ended on 30th of September 2018, which according to the previous close, that is a PE of 18.95. Based on 3 analyst estimates, the consensus EPS for the next quarter is -0.42. The TTM EPS is 2.76, which comes to a TTM PE of 18.19. Historically, the PE high was 31.50 and the PE low was 13.30. If the stock reached its PE low, that would represent a price of 36.71, which is a decrease of -26.88%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.61
09-30-2018:  -0.33
06-30-2018:  -0.09
03-31-2018:  1.62

The dividend per share is currently 1.17, which is a dividend yield of 2.33%. Also, the payout ratio is 42.39%, therefore the dividend is safe according to our calculations.

Indicators to Watch:

Based on the latest filings, there is 105.20% of institutional ownership. Short-interest is 2,684,225, which is 3.02% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.19. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.34

SeekingAlpha:  National Fuel Gas Co. 2019 Q1 – Results – Earnings Call Slides

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 14.06%, return on assets is 4.62%, profit margin is 6.41%, price-to-sales is 1.47 and price-to-book is 2.97.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 3  :Past Performance Score
 3  :Financial Strength Score
 1  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.