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NJR logo NJR
Upturn stock ratingUpturn stock rating
NJR logo

NewJersey Resources Corporation (NJR)

Upturn stock ratingUpturn stock rating
$47.4
Last Close (24-hour delay)
Profit since last BUY1.98%
upturn advisory
Consider higher Upturn Star rating
BUY since 38 days
  • BUY Advisory
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

09/11/2025: NJR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

8 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $53.57

1 Year Target Price $53.57

Analysts Price Target For last 52 week
$53.57 Target price
52w Low $43.51
Current$47.4
52w High $50.47

Analysis of Past Performance

Type Stock
Historic Profit -9.81%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/11/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.76B USD
Price to earnings Ratio 11.42
1Y Target Price 53.57
Price to earnings Ratio 11.42
1Y Target Price 53.57
Volume (30-day avg) 8
Beta 0.69
52 Weeks Range 43.51 - 50.47
Updated Date 09/12/2025
52 Weeks Range 43.51 - 50.47
Updated Date 09/12/2025
Dividends yield (FY) 3.84%
Basic EPS (TTM) 4.15

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 19.64%
Operating Margin (TTM) -7.47%

Management Effectiveness

Return on Assets (TTM) 4.97%
Return on Equity (TTM) 18.03%

Valuation

Trailing PE 11.42
Forward PE 15.11
Enterprise Value 8315980000
Price to Sales(TTM) 2.27
Enterprise Value 8315980000
Price to Sales(TTM) 2.27
Enterprise Value to Revenue 3.97
Enterprise Value to EBITDA 9.78
Shares Outstanding 100400000
Shares Floating 95803634
Shares Outstanding 100400000
Shares Floating 95803634
Percent Insiders 0.45
Percent Institutions 78.16

ai summary icon Upturn AI SWOT

NewJersey Resources Corporation

stock logo

Company Overview

overview logo History and Background

NewJersey Resources Corporation (NJR) was founded in 1952. Initially a holding company for New Jersey Natural Gas Company, it has expanded into energy services and clean energy ventures.

business area logo Core Business Areas

  • Natural Gas Distribution: Distributes natural gas to customers in central and northern New Jersey through New Jersey Natural Gas (NJNG).
  • Energy Services: Provides wholesale energy services, including storage and transportation of natural gas, and asset management.
  • Clean Energy Ventures: Invests in renewable energy projects, primarily solar and wind farms.
  • Home Services: Offers service contracts to residential customers.

leadership logo Leadership and Structure

The CEO is Stephen Westhoven. The organizational structure includes various departments such as operations, finance, marketing, and legal, overseen by a board of directors.

Top Products and Market Share

overview logo Key Offerings

  • Natural Gas Distribution: Distributes natural gas to over 570,000 customers in New Jersey. Market share is approximately 25% in its service territory. Competitors include South Jersey Gas and Elizabethtown Gas.
  • Wholesale Energy Services: Provides natural gas storage and transportation services to utilities and other energy companies. Market share data is not readily available. Competitors include other pipeline and storage operators in the region.
  • Clean Energy Ventures: Owns and operates renewable energy projects, including solar and wind farms. Generates revenue through power purchase agreements. Competitors include NextEra Energy Resources and Clearway Energy.

Market Dynamics

industry overview logo Industry Overview

The energy industry is undergoing a transition towards cleaner energy sources, driven by environmental regulations and consumer demand. Natural gas continues to play a significant role as a transition fuel.

Positioning

NJR is positioned as a diversified energy company with a focus on natural gas distribution and renewable energy. Its competitive advantages include its regulated utility business and investments in clean energy.

Total Addressable Market (TAM)

The TAM for natural gas distribution in New Jersey is estimated to be several billion dollars annually. The TAM for renewable energy projects is also substantial, driven by state and federal incentives. NJR is well-positioned to capture a portion of both markets.

Upturn SWOT Analysis

Strengths

  • Regulated utility business provides stable earnings
  • Investments in renewable energy
  • Strong customer base
  • Experienced management team

Weaknesses

  • Exposure to commodity price volatility
  • Dependence on regulatory approvals
  • Capital intensive business
  • Limited geographic diversification

Opportunities

  • Expansion of renewable energy portfolio
  • Growth in natural gas demand
  • Infrastructure upgrades
  • Acquisitions of other energy companies

Threats

  • Increased competition from other energy sources
  • Changes in environmental regulations
  • Economic downturns
  • Cybersecurity risks

Competitors and Market Share

competitor logo Key Competitors

  • SJI
  • UGI
  • ONE

Competitive Landscape

NJR competes with other energy companies based on price, service, and reliability. Its regulated utility business provides a competitive advantage, but it also faces challenges from renewable energy providers.

Major Acquisitions

Leaf River Energy Center

  • Year: 2020
  • Acquisition Price (USD millions): 367.5
  • Strategic Rationale: Expanded NJR's energy services business and increased its natural gas storage capacity.

Growth Trajectory and Initiatives

Historical Growth: NJR has grown through a combination of organic growth and acquisitions.

Future Projections: Analyst estimates for future growth vary based on market conditions and company strategy. Please consult financial websites.

Recent Initiatives: Recent initiatives include investments in renewable energy projects and infrastructure upgrades.

Summary

NewJersey Resources Corporation is a diversified energy company with a strong presence in natural gas distribution and a growing renewable energy portfolio. Its regulated utility business provides stable earnings, but it also faces challenges from commodity price volatility and regulatory changes. NJR is well-positioned to benefit from the transition towards cleaner energy sources, but it needs to manage its exposure to risk factors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC filings
  • Financial news websites
  • Analyst reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market share data are estimates and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About NewJersey Resources Corporation

Exchange NYSE
Headquaters Wall, NJ, United States
IPO Launch date 1987-12-30
President, CEO & Director Mr. Stephen D. Westhoven
Sector Utilities
Industry Utilities - Regulated Gas
Full time employees 1372
Full time employees 1372

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 residential and commercial 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. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; solar equipment installation, and plumbing repair and installation services, as well as holds commercial real estate properties. The company was founded in 1922 and is headquartered in Wall, New Jersey.