Shares of Black Hills Corp (NYSE:BKH) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.88.
A number of analysts recently commented on the company. Credit Suisse Group raised Black Hills from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $65.00 in a research note on Wednesday. Zacks Investment Research raised Black Hills from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Wednesday, October 10th. ValuEngine raised Black Hills from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Howard Weil assumed coverage on Black Hills in a research note on Tuesday, July 24th. They issued a “sector perform” rating and a $58.00 price target for the company. Finally, Wells Fargo & Co raised their price target on Black Hills from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th.
Shares of Black Hills stock opened at $61.41 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.48. Black Hills has a 52-week low of $50.49 and a 52-week high of $67.86. The company has a market capitalization of $3.11 billion, a PE ratio of 18.28, a PEG ratio of 3.81 and a beta of 0.36.
Black Hills (NYSE:BKH) last announced its quarterly earnings results on Monday, August 6th. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Black Hills had a return on equity of 10.40% and a net margin of 13.90%. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $352.83 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. As a group, analysts predict that Black Hills will post 3.4 EPS for the current year.
A number of hedge funds have recently made changes to their positions in BKH. Flagship Harbor Advisors LLC purchased a new position in Black Hills during the second quarter valued at $164,000. Cim Investment Mangement Inc. purchased a new position in Black Hills during the second quarter valued at $205,000. Zeke Capital Advisors LLC purchased a new position in Black Hills during the second quarter valued at $205,000. Broderick Brian C purchased a new position in Black Hills during the second quarter valued at $213,000. Finally, Hartford Investment Management Co. purchased a new position in Black Hills during the second quarter valued at $213,000. 99.67% of the stock is owned by institutional investors.
About Black Hills
Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 210,000 electric customers in South Dakota, Wyoming, Colorado, and Montana.
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