Vectren Corp.'s (VVC) share price is pressuring a short-term level of support at $24.70. The Zacks #1 Rank ("Strong buy") stock enjoys an average target price of $31.90, indicating more upside from current levels.

"VVC" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Vectren Corp.'s (VVC) share price has been rallying since early October, helped by the company's strong third-quarter results reported at the end of the month. Analysts are bullish on Vectren, with the next-year estimate projecting 23% earnings growth.

Company Description

Vectren Corp., through its subsidiaries, provides energy delivery services to residential and commercial customers in Indiana and Ohio, specializing in natural gas and electricity. Approximately 75% of Vectren's earnings mix is derived from utility operations with the other 25% from non-regulated businesses. The company was founded in 1990 and has a market cap of $4 billion.

Third-Quarter Results

Vectren pleased shareholders on Oct 30 when the company reported excellent third-quarter results comprising its two business segments.

Income from the utility group came in at $13.6 million, or 17 cents per share, up from last year's $10.7 million, or 14 cents per share.

Income from Vectren's

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