Black Hills Corporation (BKH) Receives Price Target

Black Hills Corporation (BKH) : The consensus price target for Black Hills Corporation (BKH) is $62.25 for the short term with a standard deviation of $6.95. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $68, however, the pessimist price target for the company is $54.

Black Hills Corporation (BKH) : The consensus on Black Hills Corporation (BKH) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Brokerage firm JP Morgan maintains its rating on Black Hills Corporation (NYSE:BKH). As per the latest information, the brokerage house raises the price target to $67 per share from a prior target of $62. The shares have been rated Overweight. The rating by the firm was issued on August 5, 2016.

Black Hills Corporation (NYSE:BKH): The stock opened at $58.62 on Thursday but the bulls could not build on the opening and the stock topped out at $58.62 for the day. The stock traded down to $57.81 during the day, due to lack of any buying support eventually closed down at $58.41 with a loss of -0.17% for the day. The stock had closed at $58.51 on the previous day. The total traded volume was 285,868 shares.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group is comprised of Power Generation, Coal Mining, and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power, Cheyenne Light, and Colorado Electric. Its Non-regulated Energy Group, which operates through various subsidiaries, produces and sells electric capacity and energy through a portfolio of generating plants, produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires, explores for, develops and produces natural gas and crude oil in the Rocky Mountain region.

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