Zacks Rating on Piedmont Natural Gas Company (PNY)

Piedmont Natural Gas Company (PNY) : The consensus on Piedmont Natural Gas Company (PNY) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Piedmont Natural Gas Company (PNY) : The highest level Piedmont Natural Gas Company (PNY) is projected to reach is $60 for the short term and the lowest estimate is at $60. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $60 and the possibility the share price can swing is $0.


Shares of Piedmont Natural Gas Co. Inc. rose by 0.18% in the last five trading days and 0.13% for the last 4 weeks. Piedmont Natural Gas Co. Inc. is up 0.35% in the last 3-month period. Year-to-Date the stock performance stands at 6.29%. Piedmont Natural Gas Company (NYSE:PNY): stock turned positive on Tuesday. Though the stock opened at $60, the bulls momentum made the stock top out at $60 level for the day. The stock recorded a low of $59.88 and closed the trading day at $59.92, in the green by 0.03%. The total traded volume for the day was 181,868. The stock had closed at $59.9 in the previous days trading.

Piedmont Natural Gas Company, Inc. is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are the Companys wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas storage and intrastate natural gas transportation. The Company operates in two segments: regulated utility and non-utility activities. The regulated utility segment is the gas distribution business, where it includes the operations of merchandising and its related service work and home warranty programs, with activities conducted by the utility. The non-utility activities segment consists of the Companys equity method investments in joint venture, energy-related businesses.

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