New Jersey Resources Corp (NJR) Stock AnalysisNJRNew Jersey Resources Corp

New Jersey Resources Corporation, through its subsidiaries, provides natural gas and clean energy services. Its New Jersey Natural Gas business operates and maintains natural gas transportation and distribution infrastructure. Its Clean Energy Ventures business invests in, owns and operates solar projects. Its Energy Services business manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions. Its Storage and Transportation business serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Storage and the Adelphia Gateway Pipeline, as well as its 50% equity ownership in the Steckman Ridge natural gas storage facility. Its Home Services business provides service plans, installation and repair of heating, central air conditioning, water heaters, standby generators, and other indoor and outdoor comfort products. It operates in the Utilities sector (NATURAL GAS DISTRIBUTION industry).

New Jersey Resources Corp is currently a hold. The stock's current price is $51.21, with a median analyst price target of $61, indicating a potential upside of 13.5%. However, the RSI is at 47.57, suggesting the stock is near neutral territory, and there has been significant insider selling, increasing by 113.44% over the last month, which raises concerns about insider confidence.

7 analysts cover NJR: 2 rate it Buy, 5 Hold and 0 Sell. The average price target is 53.50.