NJR Stock Summary and Trading Ideas (New Jersey Resources | NYSE:NJR)

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.

New Jersey Resources trades on the NYSE stock market under the symbol NJR.

As of April 23, 2024, NJR stock price declined to $43.44 with 352,188 million shares trading.

NJR has a beta of 0.31, meaning it tends to be less sensitive to market movements. NJR has a correlation of 0.04 to the broad based SPY ETF.

NJR has a market cap of $4.27 billion. This is considered a Mid Cap stock.

Last quarter New Jersey Resources reported $467 million in Revenue and $.74 earnings per share. This fell short of revenue expectation by $-195 million and missed earnings estimates by -$.01.

In the last 3 years, NJR stock traded as high as $55.84 and as low as $34.41.

The top ETF exchange traded funds that NJR belongs to (by Net Assets): IJH, VTI, VB, IWM, DVY.

NJR has underperformed the market in the last year with a return of -15.4%, while the SPY ETF gained +24.3%. In the last 3 month period, NJR fell short of the market, returning +3.5%, while SPY returned +4.6%. However, in the most recent 2 weeks NJR has outperformed the stock market by returning +1.2%, while SPY returned -2.6%.

NJR support price is $42.90 and resistance is $44.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NJR stock will trade within this expected range on the day.