New Jersey Resources Corp (NYSE:NJR) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Having a price of $31.24, New Jersey Resources Corp (NYSE:NJR) traded 1.02% higher on the day. With the last stock price down -8.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NJR has recorded a 50-day average of $33.23 and a two hundred day average of $35.47. Trade Volume was up over the average, with 572,299 shares of NJR changing hands over the typical 419,674
Zacks Investment Research has downgraded New Jersey Resources Corp (NYSE:NJR) to Hold in a statement released on 10/13/2016.
On Tuesday October 11, 2016, Zacks Investment Research released a statement about New Jersey Resources Corp (NYSE:NJR) upped the target price from $0.00 to $36.00 that suggested an upside of 0.12%.
Recent Performance Chart
New Jersey Resources Corp has PE ratio of 25.37 with a one year low of $28.02 and a one year high of $38.92 and has a market capitalization of $0.
A total of 4 brokerages have released a report on New Jersey Resources Corp. Two brokerages rating the company a strong buy, zero brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $33.63.
General Company Details For New Jersey Resources Corp (NYSE:NJR)
New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system, capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly, the Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities.
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