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New Jersey Resources Corp (NYSE:NJR) has been downgraded to Strong Sell in a report by Zacks Investment Research today.

Just yesterday New Jersey Resources Corp (NYSE:NJR) traded -0.15% lower at $34.25. New Jersey Resources Corp’s 50-day moving average is $35.37 and its two hundred day average is $34.77. With the last close down -1.50% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the same period. Volume of trade was down over the average, with 510,131 shares of NJR changing hands under the typical 537,649

Zacks Investment Research has downgraded New Jersey Resources Corp (NYSE:NJR) to Strong Sell in a report released on 01/11/2017.

Performance Chart

New Jersey Resources Corp (NYSE:NJR)

With a total market value of $0, New Jersey Resources Corp has PE ratio of 22.53 with a one year low of $30.46 and a one year high of $38.92 .

A total of 4 brokerages have issued a ratings update 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 is an energy services holding company. The Company's business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale energy operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities. The Home Services and Other operations consist of heating, cooling and water appliance sales and installations, among others.

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