How have Black Hills Corporation (BKH)’s performance and profitability changed over the time?

Black Hills Corporation [BKH] stock is trading at $70.04, up 0.69%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKH shares have gain 4.58% over the last week, with a monthly amount glided 11.17%, and seem to be holding up well over a long-time horizon.

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On 14, November 2022, Black Hills Corp. Announces Appointment of Corporate Controller. In a post published today on Yahoo Finance, Black Hills Corp. (NYSE: BKH) today announced the appointment of Courtney Hebert to vice president-corporate controller and chief risk officer. Courtney will report to Kimberly Nooney, vice president and treasurer, who was recently appointed chief financial officer effective April 1, 2023.

From an analyst’s perspective:

Black Hills Corporation [NYSE: BKH] stock has seen the most recent analyst activity on October 13, 2022, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $66 from $87. Previously, Mizuho downgraded its rating to Neutral on May 06, 2022, and elevated its price target to $76. On February 07, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $71 on the stock. Mizuho downgraded its rating to a Neutral. Scotiabank upgraded its rating to a Sector Outperform but $77 remained the price target by the analyst firm on December 15, 2020. BofA Securities upgraded its rating to Buy for this stock on November 13, 2020, but kept the price target unchanged to $69. In a note dated May 21, 2020, Sidoti upgraded an Buy rating on this stock but restated the target price of $69.

Black Hills Corporation [BKH] stock has fluctuated between $59.08 and $80.95 over the past year. Currently, Wall Street analysts expect the stock to reach $74.17 within the next 12 months. Black Hills Corporation [NYSE: BKH] shares were valued at $70.04 at the most recent close of the market. An investor can expect a potential return of 5.9% based on the average BKH price forecast.

Analyzing the BKH fundamentals

Black Hills Corporation [NYSE:BKH] reported sales of 462.61 billion for the most recent quarter, which represents a growth of 21.50%. Gross Margin for this corporation currently stands at +23.86% with Operating Margin at +20.77%, Pretax Margin comes in at +13.26%, and Net Margin reading is +12.15%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.32 points at the first support level, and at 68.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.45, and for the 2nd resistance point, it is at 70.87.

Black Hills Corporation [BKH] reported earnings per share of $0.52 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of $0.12 and a surprise factor of 30.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.82 per share as compared to estimates of $1.65 per share, a difference of $0.17 representing a surprise of 10.30%.

Ratios To Look Out For

For context, Black Hills Corporation’s Current Ratio is 0.90. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.64 and the P/E (TTM) ratio is 17.61.

Transactions by insiders

Recent insider trading involved Roberts Rebecca B, Director, that happened on May 20 when 500.0 shares were sold.