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New Jersey Resources (NJR) Jumps: Stock Rises 7.1%

Zacks Equity Research

New Jersey Resources Corp. (NJR) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $44.25 to $45.62 in the past one-month time frame.

The company has seen one positive revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for New Jersey Resources. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

New Jersey Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the gas utilities industry include Delta Natural Gas Company, Inc. (DGAS), Atmos Energy Corporation (ATO) and Chesapeake Utilities Corporation (CPK). While Delta Natural Gas sports a Zacks Rank #1 (Strong Buy), Atmos Energy and Chesapeake Utilities have a Zacks Rank #2 (Buy).

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NEW JERSEY RESOURCES CORP (NJR): Free Stock Analysis Report

DELTA NATURAL GAS CO INC (DGAS): Free Stock Analysis Report

ATMOS ENERGY CORP (ATO): Free Stock Analysis Report

CHESAPEAKE UTILS CORP (CPK): Free Stock Analysis Report


Zacks Investment Research