Last Week, Black Hills Corporation (BKH) Recorded A Gain Of $50.68


As of Wednesday close, Black Hills Corporation’s (NYSE:BKH) stock was up $0.48, moving up 0.69 percent to $70.04. The average number of shares traded per day over the past five days has been 325,720 shares. 5 times new highs have been achieved over the past 5 days, with a $3.07 gain in that time frame. In the last twenty days, the average volume was 464,160, while in the previous 50 days, it was 481,516.

Since last month, BKH stock rose 11.17%. Shares of the company fell to $61.10 on 10/24/22, the lowest level in the past month. A 52-week high of $80.95 was reached on 04/20/22 after having rallying from a 52-week low of $59.08. Since the beginning of this year, BKH’s stock price has dropped by -0.75% or -$0.53, and marked a new high 17 times. However, the stock has declined by -13.48% since its 52-week high.

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BKH stock investors should be aware that Black Hills Corporation (BKH) stock had its last reported insider trading activity 188 days ago on May 20. Roberts Rebecca B, the Director of the company, disposed of 500 shares for $73.62 on May 20. It resulted in a $36,810 divestment by the insider.

Valuation Metrics

Right now, Black Hills Corporation (BKH) has a P/E ratio of about 17.61. The stock’s beta is 0.51. Besides these, the trailing price-to-sales (P/S) ratio of 1.91, the price-to-book (PB) ratio of 1.57.

The latest dividend of $0.6250 per share was paid out, which is 5.04% more than last year’s $0.5950. On Tuesday October 25 2022, a $0.03 dividend increase was announced.

Financial Health

In the three months ended June 29, Black Hills Corporation’s quick ratio stood at 0.60, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.43, and the total debt-to-equity ratio was 1.60. In the year ended June 29, operating margins totaled 18.90%. Based on annual data, BKH earned $409.43 million in gross profit and brought in $1.95 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.50%. Return on equity (ROE) for the past 12 months was 9.00%.

In Black Hills Corporation’s quarter-end financial report for June 29, it reported total debt of $4.13 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BKH’s revenue rose 17.73% to $474.2 million during the quarter, while net income inched up to $462.61 million. While analysts expected Black Hills Corporation to report $0.4 quarterly earnings, the actual figure was $0.52 per share. During the quarter, the company generated $145.97 million in EBITDA. The liabilities of Black Hills Corporation were 6.34 billion at the end of its most recent quarter ended June 29, and its total debt was $4.46 billion. The value of shareholders’ equity is $65.08 million.

Technical Picture

This quick technical analysis looks at Black Hills Corporation’s (BKH) price momentum. With a historical volatility rate of 16.85%, the RSI 9-day stood at 71.34% on 23 November.

With respect to its five-day moving average, the current Black Hills Corporation price is up by +4.58% percent or $3.07. At present, BKH shares trade +10.49% above its 20-day simple moving average and -1.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.00% below its SMA50 and +5.59% above its SMA200.

Stochastic coefficient K was 97.30% and Stochastic coefficient D was 94.70%, while ATR was 1.44. Given the Stochastic reading of 98.57% for the 14-day period, the RSI (14) reading has been calculated as 63.27%. As of today, the MACD Oscillator reading stands at 1.53, while the 14-day reading stands at 2.70.

Analyst Ratings

Black Hills Corporation downgraded its rating on Black Hills Corporation (NYSE: BKH) to a Neutral in a note to investors on October 13, 2022. The analysts firm previously had a Buy rating on the stock.Black Hills Corporation (BKH) has been rated Overweight by analysts. According to 0 brokerage firms, BKH is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Black Hills Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $76.50, the current consensus forecast for the stock is $65.00 – $84.00. Based on these forecasts, analysts predict Black Hills Corporation (BKH) will achieve an average price target of $74.17.


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