New Jersey Resources (NJR) Scheduled to Post Earnings on Monday

New Jersey Resources (NYSE:NJR - Get Free Report) will announce its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

New Jersey Resources Stock Up 1.6 %

NYSE:NJR opened at $48.01 on Monday. The stock has a fifty day simple moving average of $46.65 and a 200-day simple moving average of $45.11. The company has a current ratio of 0.60, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 20.09 and a beta of 0.59. New Jersey Resources has a twelve month low of $39.44 and a twelve month high of $48.68.

New Jersey Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a $0.45 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 annualized dividend and a yield of 3.75%. New Jersey Resources's dividend payout ratio (DPR) is 75.31%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of New Jersey Resources from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a "neutral" rating in a report on Thursday, August 15th. Wells Fargo & Company raised their price target on New Jersey Resources from $47.00 to $51.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, New Jersey Resources has a consensus rating of "Hold" and an average price target of $49.00.

About New Jersey Resources

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.