Black Hills Corp (BKH) is Reiterated by Williams Capital Group to Buy, Raises Price Target to $ 68

Black Hills Corp (BKH) was Reiterated by Williams Capital Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 68 from a previous price target of $63 . Williams Capital Group advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Black Hills Corp. Black Hills Corp was Resumed by JP Morgan to “Overweight” on Apr 25, 2016. 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 .

On the company’s financial health, Black Hills Corp reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.02. The company had revenue of $450.00 million for the quarter, compared to analysts expectations of $488.73 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Black Hills Corp opened for trading at $59.89 and hit $62.03 on the upside on Wednesday, eventually ending the session at $61.74, with a gain of 3.07% or 1.84 points. The heightened volatility saw the trading volume jump to 5,58,906 shares. Company has a market cap of $3,161 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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