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MarketScreener Homepage  >  Equities  >  Nyse  >  New Jersey Resources Corp    NJR

NEW JERSEY RESOURCES CORP

(NJR)
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New Jersey Resources Unit NJR Midstream to Buy Miss. Gas Storage Facility

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09/05/2019 | 05:37pm EDT

By Josh Beckerman

New Jersey Resources Corp. (NJR) unit NJR Midstream has agreed to buy Mississippi natural gas storage facility Leaf River Energy Center LLC from Macquarie Infrastructure Partners for $367.5 million, subject to certain conditions.

Leaf River consists of three salt dome caverns with a combined capacity of 32.2 million dekatherms. Macquarie bought Leaf River in late 2012 from NGS Energy LP.

NJR Midstream has 50% stake in Pennsylvania gas storage facility Steckman Ridge.

Write to Josh Beckerman at josh.beckerman@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
MACQUARIE GROUP LTD -0.55% 131.05 End-of-day quote.21.28%
MACQUARIE INFRASTRUCTURE CORP 0.48% 39.39 Delayed Quote.7.22%
NEW JERSEY RESOURCES CORP -0.25% 44.36 Delayed Quote.-2.63%
NGS GROUP AB -0.45% 22.3 Delayed Quote.6.67%
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Financials (USD)
Sales 2019 2 624 M
EBIT 2019 181 M
Net income 2019 176 M
Debt 2019 -
Yield 2019 2,67%
P/E ratio 2019 22,5x
P/E ratio 2020 19,2x
Capi. / Sales2019 1,52x
Capi. / Sales2020 1,41x
Capitalization 3 992 M
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Technical analysis trends NEW JERSEY RESOURCES CORP
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 7
Average target price 46,83  $
Last Close Price 44,36  $
Spread / Highest target 26,2%
Spread / Average Target 5,58%
Spread / Lowest Target -16,6%
EPS Revisions
Managers
NameTitle
Laurence M. Downes Chairman & Chief Executive Officer
Stephen D. Westhoven President, Chief Operating Officer & Executive VP
Patrick J. Migliaccio Chief Financial Officer & Senior Vice President
Jacqueline K. Shea Chief Information Officer & Vice President
David A. Trice Independent Director
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