News stories about Black Hills Corporation (NYSE:BKH) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Black Hills Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.8166913470067 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Shares of Black Hills Corporation (NYSE BKH) opened at $57.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The company has a market cap of $3,080.20, a price-to-earnings ratio of 16.99, a P/E/G ratio of 3.09 and a beta of 0.78. Black Hills Corporation has a 1-year low of $56.75 and a 1-year high of $72.02.
Black Hills Corporation (NYSE:BKH) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The company had revenue of $342.10 million during the quarter, compared to analyst estimates of $369.84 million. Black Hills Corporation had a net margin of 8.47% and a return on equity of 10.47%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. analysts expect that Black Hills Corporation will post 3.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.475 dividend. This is a positive change from Black Hills Corporation’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, November 16th. Black Hills Corporation’s dividend payout ratio is currently 67.94%.
Several research firms recently commented on BKH. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 price objective on shares of Black Hills Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Black Hills Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Williams Capital cut shares of Black Hills Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $70.00 in a report on Friday, October 6th. Credit Suisse Group increased their price objective on shares of Black Hills Corporation from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co increased their price objective on shares of Black Hills Corporation from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Black Hills Corporation currently has an average rating of “Hold” and an average price target of $68.75.
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Black Hills Corporation Company Profile
Black Hills Corporation is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through segments, including Electric Utilities, Gas Utilities, Power Generation, Mining, Oil and Gas, and Corporate. As of December 31, 2016, the Electric Utilities segment generated, transmitted and distributed electricity to approximately 208,500 customers in South Dakota, Wyoming, Colorado and Montana.
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