South Jersey Industries Inc. [SJI] fell -28.99% so far this year. What now?

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South Jersey Industries Inc. [NYSE: SJI] closed the trading session at $23.42 on 08/24/20. The day’s price range saw the stock hit a low of $23.23, while the highest price level was $23.66. The company report on August 24, 2020 that Captona Forms Catamaran Renewables, a Joint Venture with South Jersey Industries; Announces 7.5 MW Fuel Cell Portfolio Acquisition in New York.

Captona, a North America-focused investment company specializing in power generation and energy infrastructure assets, today announced the formation of Catamaran Renewables (Catamaran), a 50/50 joint venture between Captona and SJI (NYSE: SJI) subsidiary Marina Energy, to develop, own and operate renewable energy projects.

The new Catamaran joint venture brings over 1.3 GW of combined operational experience across all types of renewable energy and transactional experience above $1 billion in the renewable energy industry.

The stocks have a year to date performance of -28.99 percent and weekly performance of -2.98 percent. The stock has been moved at -27.04 percent over the last six months. The stock has performed -1.26 percent around the most recent 30 days and changed -16.21 percent over the most recent 3-months.

If compared to the average trading volume of 862.75K shares, SJI reached to a volume of 1080140 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about South Jersey Industries Inc. [SJI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SJI shares is $29.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SJI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Mizuho have made an estimate for South Jersey Industries Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 24, 2020. The new note on the price target was released on July 01, 2020, representing the official price target for South Jersey Industries Inc. stock. Previously, the target price had yet another drop from $40 to $36, while Maxim Group kept a Buy rating on SJI stock. On January 08, 2020, analysts decreased their price target for SJI shares from 31 to 29.

The Average True Range (ATR) for South Jersey Industries Inc. is set at 0.63, with the Price to Sales ratio for SJI stock in the period of the last 12 months amounting to 1.56. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 0.07.

SJI stock trade performance evaluation

South Jersey Industries Inc. [SJI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.98. With this latest performance, SJI shares dropped by -1.26% in over the last four-week period, additionally sinking by -27.04% over the last 6 months – not to mention a drop of -23.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SJI stock in for the last two-week period is set at 45.53, with the RSI for the last a single of trading hit 41.91, and the three-weeks RSI is set at 44.91 for South Jersey Industries Inc. [SJI]. The present Moving Average for the last 50 days of trading for this stock 23.91, while it was recorded at 23.56 for the last single week of trading, and 27.71 for the last 200 days.

South Jersey Industries Inc. [SJI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and South Jersey Industries Inc. [SJI] shares currently have an operating margin of +12.39 and a Gross Margin at +13.13. South Jersey Industries Inc.’s Net Margin is presently recorded at +4.76.

Return on Total Capital for SJI is now 4.37, given the latest momentum, and Return on Invested Capital for the company is 2.25. Return on Equity for this stock inclined to 5.74, with Return on Assets sitting at 1.16. When it comes to the capital structure of this company, South Jersey Industries Inc. [SJI] has a Total Debt to Total Equity ratio set at 238.00. Additionally, SJI Total Debt to Total Capital is recorded at 70.41, with Total Debt to Total Assets ending up at 49.15. Long-Term Debt to Equity for the company is recorded at 145.44, with the Long-Term Debt to Total Capital now at 43.03.

Reflecting on the efficiency of the workforce at the company, South Jersey Industries Inc. [SJI] managed to generate an average of $70,172 per employee. Receivables Turnover for the company is 4.48 with a Total Asset Turnover recorded at a value of 0.24.South Jersey Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Earnings per share (EPS) analysis for South Jersey Industries Inc. [SJI] stock

With the latest financial reports released by the company, South Jersey Industries Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SJI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for South Jersey Industries Inc. go to 10.70%.

South Jersey Industries Inc. [SJI]: Insider Ownership positions

There are presently around $1,974 million, or 86.60% of SJI stock, in the hands of institutional investors. The top three institutional holders of SJI stocks are: BLACKROCK INC. with ownership of 14,114,497, which is approximately 0.952% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 10,476,689 shares of the stock with an approximate value of $245.36 million in SJI stocks shares; and STATE STREET CORP, currently with $245.06 million in SJI stock with ownership of nearly 19.157% of the company’s market capitalization.

Positions in South Jersey Industries Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 93 institutional holders increased their position in South Jersey Industries Inc. [NYSE:SJI] by around 10,978,446 shares. Additionally, 114 investors decreased positions by around 5,839,378 shares, while 41 investors held positions by with 67,475,242 shares. The mentioned changes placed institutional holdings at 84,293,066 shares, according to the latest SEC report filing. SJI stock had 23 new institutional investments in for a total of 2,106,664 shares, while 31 institutional investors sold positions of 1,199,863 shares during the same period.

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