NiSource Inc (NI) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $22. The average forecast of all the analysts is $24.17 and the expected standard deviation is $2.32.
The short interest in NiSource Inc (NI) has declined from 11,440,037 on June 15,2016 to 8,897,487 on June 30,2016. The change was measured at 2,542,550 shares or 22.2%. The leftover shorts were 2.8% of the floated shares. The days to cover are 3, given the average daily volume of 2,995,436 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI) The current rating of the shares is Hold. The rating by the firm was issued on April 25, 2016.
NiSource Inc (NYSE:NI): On Thursdays trading session , Opening price of the stock was $25.9 with an intraday high of $26.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.8. However, the stock managed to close at $26.01, a loss of 0.19% for the day. On the previous day, the stock had closed at $26.06. The total traded volume of the day was 1,935,530 shares.
NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.