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New Jersey Resources ( (NJR) ) has issued an update.
On August 21, 2025, NJNG entered into a Note Purchase Agreement with institutional investors, selling $200 million in senior notes to fund general corporate purposes, including refinancing debt and capital expenditures. These notes, secured by NJNG’s First Mortgage Bonds, reflect a strategic financial maneuver to bolster the company’s operational capabilities and maintain financial flexibility, while adhering to certain covenants and restrictions.
The most recent analyst rating on (NJR) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on New Jersey Resources stock, see the NJR Stock Forecast page.
Spark’s Take on NJR Stock
According to Spark, TipRanks’ AI Analyst, NJR is a Outperform.
New Jersey Resources receives a strong overall score of 77, driven by robust financial performance and strategic growth initiatives highlighted in the earnings call. The company’s attractive valuation and dividend yield further enhance its investment appeal. However, cash flow challenges and regulatory uncertainties present potential risks that need to be monitored.
To see Spark’s full report on NJR stock, click here.
More about New Jersey Resources
New Jersey Resources Corporation (NJR) operates in the energy sector, primarily through its wholly-owned subsidiary, New Jersey Natural Gas Company (NJNG). NJNG provides natural gas services and is involved in the distribution and sale of natural gas, focusing on delivering reliable energy solutions to its customers.
Average Trading Volume: 616,484
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.7B
For an in-depth examination of NJR stock, go to TipRanks’ Overview page.