Workhorse Group Inc. (WKHS) Reaches $2.24 After 6.00% Down Move; New Jersey Resources Has 1.15 Sentiment

June 14, 2018 - By Robert Davis

Workhorse Group Inc. (NASDAQ:WKHS) Logo

New Jersey Resources Corp (NJR) investors sentiment decreased to 1.15 in 2018 Q1. It’s down -0.07, from 1.22 in 2017Q4. The ratio fall, as 99 institutional investors opened new and increased equity positions, while 86 sold and reduced stock positions in New Jersey Resources Corp. The institutional investors in our database now have: 56.96 million shares, up from 55.00 million shares in 2017Q4. Also, the number of institutional investors holding New Jersey Resources Corp in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 24 Reduced: 62 Increased: 73 New Position: 26.

The stock of Workhorse Group Inc. (NASDAQ:WKHS) is a huge mover today! The stock decreased 1.86% or $0.0423 during the last trading session, reaching $2.2377. About 144,701 shares traded. Workhorse Group Inc. (NASDAQ:WKHS) has declined 29.59% since June 14, 2017 and is downtrending. It has underperformed by 42.16% the S&P500. Some Historical WKHS News: ; 21/03/2018 – FACTBOX-Automakers put pedal to the metal on electric vehicles; 21/05/2018 – Workhorse Group Sets May 2018 Financial Conference Schedule; 16/05/2018 – Workhorse Horsefly™ Autonomous Drone Package Delivery Pilot Underway in Cincinnati; 14/03/2018 Workhorse Group 4Q Loss $12.5M; 22/03/2018 – Ryder Electric Vehicles Produced by Workhorse Arrive into W.B. Mason’s Business Product Delivery Fleet; 31/05/2018 – WORKHORSE GROUP INC – MAY 2018 UPS AGREEMENT REPLACED ORIGINAL EXHIBIT A TO VPA ENTERED IN DECEMBER 2017; 31/05/2018 – WORKHORSE GROUP INC SAYS TIMING OF BALANCE OF 950 N-GENS WILL BE ON A TIMEFRAME SOLELY DETERMINED BY UPS – SEC FILING; 31/05/2018 – WORKHORSE – UPS INITIALLY COMMITTED TO BUY 50 N-GENS DESIGNED & DEVELOPED WITH INPUT FROM UPS’S AUTOMOTIVE ENGINEERING TEAM & DEPLOYED AS TEST FLEET; 31/05/2018 – WORKHORSE – ON MAY 30, CO, UPS ENTERED AMENDED EXHIBIT A TO VEHICLE PURCHASE AGREEMENT DATED JUNE 4, 2014; 16/05/2018 – Workhorse Horsefly Autonomous Drone Package Delivery Pilot Underway in CincinnatiThe move comes after 8 months negative chart setup for the $98.70M company. It was reported on Jun, 14 by Barchart.com. We have $2.10 PT which if reached, will make NASDAQ:WKHS worth $5.92 million less.

More recent New Jersey Resources Corporation (NYSE:NJR) news were published by: Businesswire.com which released: “NJR Clean Energy Ventures Completes Sale of Two Dot Wind Farm” on June 04, 2018. Also Businesswire.com published the news titled: “New Jersey Natural Gas Files to Decrease Rates for the 2018-2019 Winter Heating Season” on May 29, 2018. Streetinsider.com‘s news article titled: “BofA/Merrill Lynch Downgrades New Jersey Resources (NJR) to” with publication date: June 05, 2018 was also an interesting one.

Analysts await New Jersey Resources Corporation (NYSE:NJR) to report earnings on August, 1. They expect $-0.03 EPS, down 115.00% or $0.23 from last year’s $0.2 per share. After $1.62 actual EPS reported by New Jersey Resources Corporation for the previous quarter, Wall Street now forecasts -101.85% negative EPS growth.

Clear Harbor Asset Management Llc holds 1.1% of its portfolio in New Jersey Resources Corporation for 140,286 shares. Mercer Capital Advisers Inc. owns 28,055 shares or 0.83% of their US portfolio. Moreover, Griffin Asset Management Inc. has 0.82% invested in the company for 112,500 shares. The Connecticut-based Energy Income Partners Llc has invested 0.78% in the stock. Hennessy Advisors Inc, a California-based fund reported 377,634 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $99,222 activity.

The stock increased 1.47% or $0.6 during the last trading session, reaching $41.22. About 121,001 shares traded. New Jersey Resources Corporation (NJR) has risen 4.90% since June 14, 2017 and is uptrending. It has underperformed by 7.67% the S&P500. Some Historical NJR News: ; 04/05/2018 – New Jersey Resources 2Q Rev $1.02B; 04/05/2018 – New Jersey Resources Backs FY18 Net Financial Earnings Guidance of $2.55-$2.65/Share; 29/03/2018 – NEW JERSEY NATURAL GAS – SEEKING TO ADJUST RATES EFFECTIVE OCT 1, TO RECOVER ABOUT $60.4 MLN RELATED NJ RISE & SAFE Il COSTS MADE THROUGH JUNE 30; 04/05/2018 – NEW JERSEY RESOURCES CORP QTRLY BASIC NFE PER SHARE $1.62; 16/03/2018 DEEP ECO: NJR May Benefit, Industry Posts 5th Straight Gain; 04/05/2018 – New Jersey Resources 2Q EPS $1.60; 04/05/2018 – Correct: New Jersey Resources 2Q EPS $1.59; 29/05/2018 – New Jersey Natural Gas Files to Decrease Rates for the 2018-2019 Winter Heating Season; 19/03/2018 – NJR CLEAN ENERGY VENTURES REPORTS SALE OF TWO DOT WIND FARM; 29/03/2018 – New Jersey Natural Gas Files with the New Jersey Board of Public Utilities to Recover Costs for Infrastructure Programs

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $3.62 billion. The firm operates through Natural Gas Distribution, Clean Energy Ventures, Energy Services, Midstream, and Home Services and Other divisions. It has a 16.22 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 521,200 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

New Jersey Resources Corporation (NYSE:NJR) Institutional Positions Chart

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