Black Hills Corp (NYSE:BKH) target bumped up to $64.00, issued a ratings update earlier today by Zacks Investment Research
- Updated: October 8, 2016
Stating a possible upside of 0.11%, Zacks Investment Research raised the target price of Black Hills Corp (NYSE:BKH) to $64.00
Boasting a price of $57.51, Black Hills Corp (NYSE:BKH) traded -1.31% lower on the day. With the last stock price close down -6.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Black Hills Corp has recorded a 50-day average of $59.73 and a two hundred day average of $60.45. Volume of trade was down over the average, with 265,410 shares of BKH changing hands under the typical 387,042
With a total market value of $0, Black Hills Corp has price-earnings ratio of 166.65 with a one year low of $40.00 and a one year high of $64.58 .
A total of 5 brokerages have issued a ratings update on the company. 2 brokerages rating the stock a strong buy, 2 analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero brokers rating the stock a sell with a average stock price target of $64.80.
General Information About Black Hills Corp (NYSE:BKH)
Black Hills Corporation is a holding company. The Company is an integrated energy company, which operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of regulated Electric Utilities and regulated Gas Utilities segments, and the Company's Non-regulated Energy Group consists of Power Generation, Coal Mining, and Oil and Gas segments. Its Electric Utilities generate, transmit and distribute electricity to approximately 207,200 customers, and also distribute natural gas to over 44,200 natural gas utility customers of Cheyenne Light in and around Cheyenne, Wyoming. The Company's Non-regulated Energy Group produces and sells electric capacity and energy through a portfolio of generating plants, and produces and sells coal from its mine located in the Powder River Basin in Wyoming. It also acquires, explores for, develops and produces natural gas and crude oil in the Rocky Mountain region.
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