NewJersey Resources Corporation (NJR)
New Jersey Resources Corporation (NJR) is a diversified energy services company based in Wall, New Jersey, specializing in regulated natural gas distribution along with retail and wholesale energy services. With a commitment to delivering reliable and sustainable energy solutions, NJR plays a vital role in meeting the growing energy demands of New Jersey. The company's strong focus on innovation and customer service, combined with its strategic investments in infrastructure, positions it as a key player in the evolving energy landscape. Additionally, NJR is dedicated to advancing clean energy initiatives, enhancing its overall sustainability profile in the sector.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 229.37% per annum.
- NJR price at the close of March 2, 2026 was $54.49 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 66.11% per annum.
- NJR price at the close of March 2, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NJR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 31, 2025
End date: March 2, 2026
a = -1.9475
b = 0.0033
s = 0.0158
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 229.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0158) – 1
= 6.52%
December 31, 2025 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,764 + 2 × s)
= Exp(-1.9475 + 0.0033 × 1,764 + 2 × 0.0158)
= Exp(3.8448)
= $46.75
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,764 – 2 × s)
= Exp(-1.9475 + 0.0033 × 1,764 – 2 × 0.0158)
= Exp(3.7816)
= $43.89
March 2, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-1.9475 + 0.0033 × 1,825 + 2 × 0.0158)
= Exp(4.0440)
= $57.06
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.9475 + 0.0033 × 1,825 – 2 × 0.0158)
= Exp(3.9809)
= $53.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 229.37% per annum.
- NJR price at the close of March 2, 2026 was $54.49 and was inside the primary price channel.
Secondary Trend
Start date: February 3, 2026
End date: March 2, 2026
a = 1.4551
b = 0.0014
s = 0.0110
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0110) – 1
= 4.50%
February 3, 2026 calculations
Top border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(1.4551 + 0.0014 × 1,798 + 2 × 0.0110)
= Exp(3.9769)
= $53.35
Bottom border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(1.4551 + 0.0014 × 1,798 – 2 × 0.0110)
= Exp(3.9329)
= $51.05
March 2, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.4551 + 0.0014 × 1,825 + 2 × 0.0110)
= Exp(4.0144)
= $55.39
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.4551 + 0.0014 × 1,825 – 2 × 0.0110)
= Exp(3.9704)
= $53.01
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 66.11% per annum.
- NJR price at the close of March 2, 2026 was inside the secondary price channel.