Media headlines about Black Hills (NYSE:BKH) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Black Hills earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.9838790805084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
BKH has been the subject of a number of research reports. Williams Capital cut Black Hills from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $70.00 in a research note on Friday, October 6th. Credit Suisse Group reissued an “outperform” rating and issued a $66.00 price objective (down previously from $77.00) on shares of Black Hills in a research note on Monday, November 6th. They noted that the move was a valuation call. Royal Bank of Canada reduced their price objective on Black Hills from $72.00 to $64.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Bank of America initiated coverage on Black Hills in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $66.00 price objective for the company. Finally, Wells Fargo & Co initiated coverage on Black Hills in a research note on Friday, October 27th. They issued a “market perform” rating and a $58.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Black Hills has an average rating of “Buy” and a consensus price target of $68.13.
Black Hills (NYSE BKH) opened at $57.41 on Friday. Black Hills has a fifty-two week low of $57.01 and a fifty-two week high of $72.02. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $3,070.00, a P/E ratio of 21.83, a PEG ratio of 3.48 and a beta of 0.73.
Black Hills (NYSE:BKH) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). Black Hills had a net margin of 8.47% and a return on equity of 10.47%. The company had revenue of $342.10 million during the quarter, compared to the consensus estimate of $369.84 million. During the same quarter in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts forecast that Black Hills will post 3.34 EPS for the current fiscal year.
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Black Hills Company Profile
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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