Tuesday, The 4th of August was not a day which was profitable or gainful for NiSource Inc. at the stock market, the company suffered a loss of -1.23% which resulted in its shares to be traded and sold at a current cost of $16.86.
The reason behind the dip in the shares could be that the company recently announces the financial and operational results for the second quarter and they weren’t very impressive. The company saw these results mainly because of the additional interest expense associated and linked to Columbia Pipeline Group’s (CPG) long-term debt issuance foregoing of its parting from NiSource. This has caused quite an impact on the non-controlling interest in Columbia Pipeline Partners which was formed this year in the month of February.
NiSource is a fortune 500 company which is responsible for Gas distribution, transmission and storage. Apart from this the company also does the same things for the electric segment as well. It was founded in the early 1910s and currently has its headquarters in Louisiana.
Noble Energy, Inc. on the other hand was fairly lucky at the stock market when it saw a gain of 0.74%, which resulted in its shares to be currently sold and trade at a cost of $34.00.
This is a bit startling as the company recently when announced its results for the second quarter of the financial results announced a loss of $109 million dollars which is calculated when not taking into account various things which quite honestly won’t be considered by the top notch analysts as well. The company’s chief operating officer stated on these conditions that he is well aware that the industry is suffering but it is a matter of pride that the company has managed to withstand these hash conditions and has kept its place in the financial market quite sturdy. It also has improved its operating efficiencies which reduced their overall operational costs.
Noble energy, which was previously known as Noble Affiliates Inc. was founded in 1932 and is in the industry of Oil and Gas. It has its headquarters in Texas and is responsible for drilling, exploration, acquiring, production and developing of natural gas and crude oil.
Bristol-Myers Squibb Co was not lucky at the market since the company saw a decline in its shares on Tuesday. The company saw a loss of -0.60%, which resulted in current trading to occur at $64.96.
Although no such reason could be found for the decline but the important news which the company recently announced is that it has made a donation for the Leukemia & Lymphoma Society (LLS) which would help patients suffering from the disease to be able to treat it and as well as get educated and spread awareness about it.
BMS, headquartered in the Big Apple is a renowned pharmaceutical company and was founded in 1889. The company is responsible for manufacturing drugs prescribed to HIV, cancer, hepatitis and many other such diseases.