Somewhat Favorable Press Coverage Somewhat Unlikely to Impact NiSource (NI) Stock Price

News coverage about NiSource (NYSE:NI) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NiSource earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.4558449913533 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

NI has been the topic of a number of recent analyst reports. Citigroup increased their price target on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. KeyCorp reiterated a “buy” rating and set a $29.50 price target on shares of NiSource in a research report on Friday, October 20th. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, September 22nd. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.41.

NiSource (NYSE NI) traded down $0.06 during midday trading on Friday, hitting $24.07. The stock had a trading volume of 2,661,400 shares, compared to its average volume of 3,040,000. The stock has a market capitalization of $8,110.00, a P/E ratio of 29.00, a PEG ratio of 3.18 and a beta of 0.43. NiSource has a 1-year low of $21.65 and a 1-year high of $27.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52.

NiSource (NYSE:NI) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same quarter last year, the business posted $0.06 earnings per share. research analysts forecast that NiSource will post 1.2 EPS 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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