Headlines about South Jersey Industries (NYSE:SJI) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. South Jersey Industries earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.3604113320116 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Reviewing South Jersey Industries (SJI) and Delta Natural Gas (DGAS) (americanbankingnews.com)
- South Jersey Industries, Inc. (NYSE:SJI) Rating Increased to Sell at BidaskClub (americanbankingnews.com)
- Analyzing South Jersey Industries (NYSE:SJI) and Just Energy Group (JE) (americanbankingnews.com)
- South Jersey Industries, Inc. breached its 50 day moving average in a Bullish Manner : SJI-US : August 9, 2017 (finance.yahoo.com)
Shares of South Jersey Industries (NYSE SJI) opened at 34.80 on Friday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 32.31 and a beta of 0.77. The company has a 50-day moving average price of $34.19 and a 200 day moving average price of $35.07. South Jersey Industries has a 52 week low of $27.51 and a 52 week high of $38.40.
South Jersey Industries (NYSE:SJI) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. During the same period in the previous year, the company posted $0.12 earnings per share. Analysts forecast that South Jersey Industries will post $1.19 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the company. Zacks Investment Research raised South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 2nd. BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Morgan Stanley upped their target price on South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Finally, Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $36.00 in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.25.
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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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