Headlines about NiSource (NYSE:NI) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NiSource earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.644462645498 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
A number of equities research analysts have recently weighed in on the company. Bank of America raised NiSource from a “neutral” rating to a “buy” rating in a research note on Friday. KeyCorp reissued a “buy” rating and issued a $25.00 target price on shares of NiSource in a research note on Thursday, March 15th. Guggenheim reissued a “buy” rating and issued a $27.00 target price on shares of NiSource in a research note on Friday, February 23rd. Zacks Investment Research raised NiSource from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. NiSource has an average rating of “Buy” and an average target price of $27.00.
NiSource (NYSE:NI) traded down $0.33 on Friday, reaching $23.06. The company’s stock had a trading volume of 3,828,971 shares, compared to its average volume of 3,939,412. The company has a market cap of $7,858.30, a price-to-earnings ratio of 59.13, a price-to-earnings-growth ratio of 3.29 and a beta of 0.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.55 and a quick ratio of 0.41. NiSource has a fifty-two week low of $22.44 and a fifty-two week high of $27.76.
NiSource (NYSE:NI) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. NiSource had a return on equity of 8.90% and a net margin of 2.64%. During the same quarter in the prior year, the company posted $0.33 EPS. analysts anticipate that NiSource will post 1.29 earnings per share for the current fiscal year.
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NiSource Company Profile
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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