JPMorgan Chase & Co. (JPM) Analysts Raise Price Target on Black Hills Corp. (BKH) to $27.00
Thursday, July 14, 2021 12:11 PM

Equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) boosted their price target on shares of Black Hills Corp. (NYSE: BKH) to $27.00 in a research note to investors on Thursday.

Separately, analysts at Williams Capital initiated coverage on shares of Black Hills Corp. in a research note to investors on Friday, June 17th. They set a "hold" rating and a $34.00 price target on the stock. Also, analysts at Credit Suisse (NYSE: CS) upgraded shares of Black Hills Corp. from a "neutral" rating to an "outperform" rating in a research note to investors on Friday, June 10th. They now have a $33.00 price target on the stock.

Shares of Black Hills Corp. traded up 0.32% during mid-day trading on Friday, hitting $31.00. Black Hills Corp. has a 52 week low of $27.45 and a 52 week high of $34.85. The stock's 50-day moving average is $30. and its 200-day moving average is $31.37. The company has a market cap of $1.222 billion and a price-to-earnings ratio of 18.90.

Black Hills Corp. last announced its quarterly results on Tuesday, May 10th. The company reported $0.59 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.84 EPS by $0.25. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was down 8.90% on a year-over-year basis. On average, analysts predict that Black Hills Corp. will post $0.34 EPS next quarter.

Black Hills Corporation is a diversified energy company. The Company operates principally in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group consists of its regulated electric utilities and regulated gas utilities segments, and its Non-regulated Energy Group consists of its oil and gas, power generation, coal mining, and energy marketing segments. The Company’s regulated Electric Utilities segment includes the operations of Cheyenne Light, a combination electric and gas utility, and its approximately 33,900 gas utility customers in Wyoming. Its regulated Gas Utilities segment serves approximately 528,300 natural gas utility customers in Colorado, Nebraska, Iowa and Kansas.

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