News coverage about Black Hills (NYSE:BKH) has been trending somewhat positive on Monday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Hills earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.2068879526826 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Black Hills (BKH) traded up $1.09 during midday trading on Monday, hitting $54.75. The company had a trading volume of 601,627 shares, compared to its average volume of 662,228. 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 company has a market capitalization of $2,930.00, a PE ratio of 20.82, a PEG ratio of 3.19 and a beta of 0.73. Black Hills has a 12 month low of $52.50 and a 12 month high of $72.02.
Black Hills (NYSE:BKH) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The firm had revenue of $342.10 million for the quarter, compared to the consensus estimate of $369.84 million. Black Hills had a net margin of 8.47% and a return on equity of 10.47%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. equities analysts anticipate that Black Hills will post 3.34 EPS for the current year.
A number of equities research analysts have weighed in on BKH shares. Williams Capital downgraded Black Hills from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $70.00 in a research report on Friday, October 6th. Bank of America initiated coverage on Black Hills in a research note on Tuesday, October 24th. They set an “underperform” rating and a $66.00 price objective on the stock. Credit Suisse Group cut Black Hills from an “outperform” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research note on Tuesday, January 9th. Wells Fargo & Co initiated coverage on Black Hills in a research note on Friday, October 27th. They set a “market perform” rating and a $58.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on Black Hills from $72.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.13.
About Black Hills
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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