Trade-Ideas LLC identified New Jersey Resources ( NJR) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified New Jersey Resources as such a stock due to the following factors:

  • NJR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.1 million.
  • NJR has traded 38,417 shares today.
  • NJR is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NJR with the Ticky from Trade-Ideas. See the FREE profile for NJR NOW at Trade-Ideas

More details on NJR:

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through Natural Gas Distribution, Energy Services, Clean Energy Ventures, Midstream, and Home Services and Other segments. The stock currently has a dividend yield of 2.9%. NJR has a PE ratio of 16. Currently there are 2 analysts that rate New Jersey Resources a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for New Jersey Resources has been 409,500 shares per day over the past 30 days. New Jersey has a market cap of $2.8 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.66 and a short float of 2.4% with 2.44 days to cover. Shares are up 3.4% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates New Jersey Resources as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Gas Utilities industry. The net income increased by 117.2% when compared to the same quarter one year prior, rising from -$24.42 million to $4.20 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Gas Utilities industry and the overall market, NEW JERSEY RESOURCES CORP's return on equity exceeds that of both the industry average and the S&P 500.
  • The debt-to-equity ratio is somewhat low, currently at 0.83, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.36 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • Net operating cash flow has significantly increased by 141.47% to $8.16 million when compared to the same quarter last year. Despite an increase in cash flow of 141.47%, NEW JERSEY RESOURCES CORP is still growing at a significantly lower rate than the industry average of 525.29%.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.