Black Hills Corporation (BKH) Outlook Starting To Look Brighter?

Black Hills Corporation (BKH) concluded trading on Wednesday at a closing price of $56.21, with 0.42 million shares of worth about $23.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.79% during that period and on January 08, 2025 the price saw a gain of about 0.04%. Currently the company’s common shares owned by public are about 71.58M shares, out of which, 71.20M shares are available for trading.

Stock saw a price change of -3.95% in past 5 days and over the past one month there was a price change of -9.22%. Year-to-date (YTD), BKH shares are showing a performance of -3.95% which increased to 0.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.33 but also hit the highest price of $65.59 during that period. The average intraday trading volume for Black Hills Corporation shares is 498.07K. The stock is currently trading -4.36% below its 20-day simple moving average (SMA20), while that difference is down -7.22% for SMA50 and it goes to -2.71% lower than SMA200.

Black Hills Corporation (NYSE: BKH) currently have 71.58M outstanding shares and institutions hold larger chunk of about 85.21% of that.

The stock has a current market capitalization of $4.02B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 15.11, while it has posted earnings per share of $3.72 in the same period. Its PEG reads 3.38 and has Quick Ratio of 0.83 while making debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKH, volatility over the week remained 1.99% while standing at 1.85% over the month.

Stock’s fiscal year EPS is expected to drop by -0.81% while it is estimated to increase by 5.98% in next year. EPS is likely to grow at an annualized rate of 4.46% for next 5-years, compared to annual growth of -3.45% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on November 21, 2023 offering a Neutral rating for the stock and assigned a target price of $53 to it. Coverage by RBC Capital Mkts stated Black Hills Corporation (BKH) stock as a Sector perform in their note to investors on February 10, 2023, suggesting a price target of $68 for the stock. On February 09, 2023, Sidoti Downgrade their recommendations, while on February 09, 2023, Mizuho Downgrade their ratings for the stock with a price target of $60. Stock get a Sector perform rating from Scotiabank on February 08, 2023.

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