Black Hills Corp (BKH) Releases Earnings Results, Beats Expectations By $0.21 EPS

Black Hills Corp (BKH) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $1.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $1.02. The company posted revenue of $450.00 million in the period, 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.

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 .

Black Hills Corp opened for trading at $60.39 and hit $60.81 on the upside on Monday, eventually ending the session at $60.61, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 5,48,387 shares. Company has a market cap of $3,103 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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