Black Hills Corporation (BKH) Earning Somewhat Positive Press Coverage, Report Finds
Media headlines about Black Hills Corporation (NYSE:BKH) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Hills Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.9978925372156 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Black Hills Corporation (NYSE:BKH) opened at $58.35 on Thursday. Black Hills Corporation has a one year low of $57.26 and a one year high of $72.02. The company has a market capitalization of $3,144.89, a price-to-earnings ratio of 17.34, a P/E/G ratio of 3.15 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.73.
Black Hills Corporation (NYSE:BKH) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The company had revenue of $342.10 million for the quarter, compared to analyst estimates of $369.84 million. Black Hills Corporation had a return on equity of 10.47% and a net margin of 8.47%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. analysts anticipate that Black Hills Corporation will post 3.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.26%. This is an increase from Black Hills Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 16th. Black Hills Corporation’s payout ratio is 67.94%.
A number of equities research analysts have recently weighed in on the company. Bank of America Corporation raised Black Hills Corporation from an “underperform” rating to a “neutral” rating and set a $61.00 price objective for the company in a research note on Monday. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 target price on shares of Black Hills Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised Black Hills Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. J P Morgan Chase & Co boosted their target price on Black Hills Corporation from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Company started coverage on Black Hills Corporation in a research note on Friday, October 27th. They set a “market perform” rating and a $58.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $68.13.
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Black Hills Corporation 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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