Somewhat Positive News Coverage Somewhat Unlikely to Impact South Jersey Industries (SJI) Share Price

News articles about South Jersey Industries (NYSE:SJI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. South Jersey Industries earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.2296038557972 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Shares of South Jersey Industries (SJI) opened at 34.80 on Friday. South Jersey Industries has a 52-week low of $27.51 and a 52-week high of $38.40. The company has a 50-day moving average of $34.20 and a 200 day moving average of $35.09. The company has a market capitalization of $2.76 billion, a PE ratio of 32.31 and a beta of 0.77.

South Jersey Industries (NYSE:SJI) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same period in the prior year, the firm earned $0.12 earnings per share. Analysts predict that South Jersey Industries will post $1.19 earnings per share for the current year.

A number of equities analysts have recently weighed in on SJI shares. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley lifted their price target on shares of South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub raised shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. Finally, Janney Montgomery Scott raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. South Jersey Industries currently has a consensus rating of “Hold” and an average target price of $39.25.

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About South Jersey Industries

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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