News coverage about South Jersey Industries (NYSE:SJI) has trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. South Jersey Industries earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.9253461236003 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of South Jersey Industries (NYSE SJI) traded up $0.33 on Thursday, hitting $32.76. 219,489 shares of the stock were exchanged, compared to its average volume of 339,109. The stock has a market capitalization of $2,590.91, a price-to-earnings ratio of 28.32, a PEG ratio of 3.69 and a beta of 0.72. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.97. South Jersey Industries has a 12-month low of $31.30 and a 12-month high of $38.40.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $227.13 million for the quarter, compared to analysts’ expectations of $222.92 million. South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. equities research analysts forecast that South Jersey Industries will post 1.18 EPS for the current fiscal year.
Several brokerages recently issued reports on SJI. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $37.00 in a report on Tuesday, October 17th. Janney Montgomery Scott reissued a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. J P Morgan Chase & Co lifted their price target on shares of South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their price target on shares of South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.00.
South Jersey Industries Company Profile
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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