Hilliard Lyons Upgrades New Jersey Resources (NJR) to Long-Term Buy
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New Jersey Resources (NJR) Reports 'Significant' Boosts in FY14 Outlook
March 12, 2014 8:57 AM EDTNew Jersey Resources Corp. (NYSE: NJR) announced a significant increase in its fiscal 2014 net financial earnings (NFE) guidance to a range of $3.90 to $4.10 per basic share, from the previously announced range of $2.75 to $2.95 per basic share.
*** The Street sees FY14 EPS of $2.87.
The increase in guidance is due to significantly better-than-anticipated results at NJR Energy Services (NJRES), a leading provider of producer and physical natural gas services. This winter, demand for natural gas increased considerably in regions affected by the sustained extreme cold weather across the United States, especially in... More
