Media stories about NiSource (NYSE:NI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NiSource earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.4404982356711 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Several equities analysts have recently issued reports on NI shares. Citigroup boosted their price target on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 20th. KeyCorp reissued a “buy” rating and set a $29.50 price target on shares of NiSource in a report on Friday, October 20th. Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Friday, September 22nd. Edward Jones raised shares of NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.32.
Shares of NiSource (NYSE:NI) traded up $0.12 during midday trading on Wednesday, hitting $24.15. 2,103,660 shares of the company were exchanged, compared to its average volume of 2,806,864. NiSource has a fifty-two week low of $21.65 and a fifty-two week high of $27.76. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $8,130.00, a PE ratio of 29.10, a P/E/G ratio of 3.17 and a beta of 0.43.
NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The business had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $901.00 million. During the same period in the previous year, the business earned $0.06 earnings per share. analysts expect that NiSource will post 1.2 EPS for the current year.
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NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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