Black Hills Corp (BKH) is Resumed by JP Morgan to Overweight

Black Hills Corp (BKH) was Resumed by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on Black Hills Corp. Company shares were Reiterated by Williams Capital Group on Mar 9, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $59 .Company shares were Reiterated by Williams Capital Group on Feb 16, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $54 .Company shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 59 from a previous price target of $55 .

On the company’s financial health, Black Hills Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.67. The company had revenue of $318.30 million for the quarter, compared to analysts expectations of $482.49 million. The company’s revenue was down -15.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Black Hills Corp opened for trading at $56.76 and hit $57.24 on the upside on Friday, eventually ending the session at $56.76, with a gain of 0.37% or 0.21 points. The heightened volatility saw the trading volume jump to 3,80,777 shares. Company has a market cap of $2,906 M.

In a different news, on Aug 27, 2015, Richard Kinzley (CFO) purchased 1,087 shares at $38.76 per share price.

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.

Black Hills Corp

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