Positive News Coverage Somewhat Unlikely to Affect South Jersey Industries (SJI) Stock Price

Headlines about South Jersey Industries (NYSE:SJI) have trended positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. South Jersey Industries earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.9729702648293 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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

A number of equities analysts have recently commented on SJI shares. JPMorgan Chase & Co. lifted their target price on South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Guggenheim reiterated a “hold” rating and issued a $32.00 target price on shares of South Jersey Industries in a report on Wednesday, January 3rd. Sidoti cut South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Monday, January 8th. Finally, Morgan Stanley dropped their target price on South Jersey Industries from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.83.

South Jersey Industries (NYSE SJI) opened at $29.71 on Friday. South Jersey Industries has a 1-year low of $29.04 and a 1-year high of $38.40. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $2,360.00, a price-to-earnings ratio of 61.90, a P/E/G ratio of 2.06 and a beta of 0.71.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. The business had revenue of $227.13 million for the quarter, compared to analysts’ expectations of $222.92 million. equities analysts expect that South Jersey Industries will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Monday, December 11th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.12 dividend on an annualized basis and a yield of 3.77%. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. South Jersey Industries’s payout ratio is presently 233.33%.

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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).

Insider Buying and Selling by Quarter for South Jersey Industries (NYSE:SJI)

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