New Jersey Resources traded at $56.18 this Tuesday June 23rd, increasing $1.37 or 2.50 percent since the previous trading session. Looking back, over the last four weeks, New Jersey Resources gained 2.35 percent. Over the last 12 months, its price rose by 24.48 percent. Looking ahead, we forecast New Jersey Resources to be priced at 53.97 by the end of this quarter and at 50.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
New Jersey Resources Corporation is a diversified 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. The Company’s segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. 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 and retail energy operations, as well as energy management services. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Storage and Transportation segment consists of investments in the natural gas storage and transportation markets, such as natural gas storage and transportation facilities.