BTIM Corp. Lowers Position in NewJersey Resources Corporation (NYSE:NJR)

Since the beginning of the calendar year, the stock is -48.75%.

A number of research firms have weighed in on NJR. Zacks Investment Research upgraded NewJersey Resources Corporation from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a buy rating and set a $41.00 price target on shares of Range Resources Corporation in a research report on Monday, May 1st. NewJersey Resources Corporation presently has an average rating of "Buy" and a consensus target price of $38.80.

The stock of Onconova Therapeutics Inc (NASDAQ:ONTX) hit a new 52-week low and has $1.63 target or 8.00% below today's $1.77 share price. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Range Resources Corp. (NYSE:RRC) has declined 36.05% since August 15, 2016 and is downtrending. 250,983 shares of the company's stock traded hands. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. NewJersey Resources Corporation has a 1-year low of $30.46 and a 1-year high of $44.30. BlackRock Inc. raised its stake in NewJersey Resources Corporation by 4,920.6% in the first quarter. (NYSE:RRC) were released by: Barrons.com and their article: "The Biggest Loser: Range Resources Tumbles 12%" published on August 02, 2017 as well as Nasdaq.com's news article titled: "Matthew 25 Management Corp Buys Vistra Energy Corp, Range Resources Corp ..." with publication date: August 09, 2017. The utilities provider reported $0.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.19. The company beat the analyst EPS Estimate with the difference of $0.1. NewJersey Resources Corporation had a net margin of 8.81% and a return on equity of 12.77%. Range Resources Corporation's quarterly revenue was up 55.8% compared to the same quarter past year. Comparatively, RRC posted earnings of $0.02 per share in the same quarter, a year earlier. BTIM Corp. owned approximately 0.60% of NewJersey Resources Corporation worth $20,739,000 at the end of the most recent quarter. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and global trademark & copyright laws. (NYSE:RRC) was bought by FUNK JAMES M on Wednesday, June 14. (NYSE:RRC) was sold by STEPHENS CHAD L. 4,000 shares valued at $109,820 were bought by HELMS CHRISTOPHER A on Friday, March 17. The stock has "Sell" rating by Zacks on Friday, August 28. The shares were purchased at an average price of $17.99 per share, for a total transaction of $179,900.00.

Mitchell Group Inc, which manages about $1.01 billion and $865.04M US Long portfolio, decreased its stake in Noble Energy Inc (NYSE:NBL) by 259,640 shares to 1.13M shares, valued at $43.74M in 2016Q4, according to the filing. The disclosure for this sale can be found here. The company's a year ago sales total was 401770.

The company now has a P/E ratio of 116.62 and the market value is 4.21B.

Several other large investors have also recently added to or reduced their stakes in NJR. State Street Corp raised its stake in NewJersey Resources Corporation by 14.6% in the first quarter.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock.

New Jersey Resources Corporation is an energy services holding company. Vanguard Group Inc. now owns 8,262,024 shares of the utilities provider's stock valued at $327,176,000 after buying an additional 491,794 shares in the last quarter. Overbrook Management Corp, a New York-based fund reported 1.85 million shares. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, July 20 report. Public Employees Retirement System of OH boosted its stake in NewJersey Resources Corporation by 2.0% in the first quarter. NewJersey Resources Corporation earned a media sentiment score of 0.23 on Accern's scale.

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. The Company is involved in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.