Black Hills Corporation (NYSE:BKH) Given Daily Coverage Optimism Rating of 0.11
Media stories about Black Hills Corporation (NYSE:BKH) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Black Hills Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 48.044689107077 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- $0.57 Earnings Per Share Expected for Black Hills Corporation (NYSE:BKH) This Quarter (americanbankingnews.com)
- FY2017 EPS Estimates for Black Hills Corporation Cut by Williams Capital (NYSE:BKH) (americanbankingnews.com)
- Black Hills : Reports Second Quarter 2017 Results (4-traders.com)
- Williams Capital Research Analysts Lift Earnings Estimates for Black Hills Corporation (NYSE:BKH) (americanbankingnews.com)
- Black Hills (BKH) Misses on Earnings and Revenues in Q2 (finance.yahoo.com)
Black Hills Corporation (BKH) opened at 69.52 on Friday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 29.03 and a beta of 0.82. The company has a 50-day moving average price of $69.16 and a 200 day moving average price of $67.18. Black Hills Corporation has a 1-year low of $54.76 and a 1-year high of $72.02.
Black Hills Corporation (NYSE:BKH) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $348 million during the quarter, compared to analyst estimates of $356.85 million. Black Hills Corporation had a return on equity of 10.48% and a net margin of 7.71%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. On average, equities analysts predict that Black Hills Corporation will post $3.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.78 dividend on an annualized basis and a yield of 2.56%. Black Hills Corporation’s dividend payout ratio (DPR) is 74.79%.
BKH has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price target on shares of Black Hills Corporation in a report on Monday, July 31st. BidaskClub cut Black Hills Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Singular Research raised their price target on Black Hills Corporation from $68.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. BMO Capital Markets raised their price target on Black Hills Corporation from $67.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Williams Capital raised their price target on Black Hills Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.50.
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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