Tue, May 3, 4:47 PM
Nov. 17, 2015, 12:23 PM
- Black Hills (BKH -9.7%) is sharply lower on news of a settlement with the Colorado Public Utilities Commission related to approval for its purchase of SourceGas Holdings.
- BKH says it will not seek recovery of any acquisition premium from the acquired Colorado customers and will reduce annual SourceGas distribution customer charges by $200K/year for up to five years.
- BKH also announced yesterday an offering of up to 5.5M common shares and up to 5.2M equity units.
Oct. 24, 2012, 12:58 PM
Black Hills (BKH +1.6%) is initiated by RBC Capital at Outperform with a $39 price target, as the firm expects 8.7% three-year compounded annual EPS growth forecast from 2011-14 driven by consistent rate base growth at the electric and utilities segments, and moderate production and sales growth at the oil and gas E&P segment.| Oct. 24, 2012, 12:58 PM
Aug. 24, 2012, 3:11 PM
Black Hills (BKH +7.2%) is upgraded to Buy from Hold with a $46 price target by Gabelli after agreeing to sell its 85% interest in Bakken and Three Forks shale assets (I, II). The firm considers the deal "a significant positive given expected $0.10-$0.15 EPS accretion, improved balance sheet, reduced equity needs and the realization of significant unrecognized value."| Aug. 24, 2012, 3:11 PM | 1 Comment
May 4, 2012, 9:07 AM
Black Hills (BKH) -3.4% premarket after lowering its profit forecast for 2012, citing expectations for “sustained low” prices for natural gas. BKH now expects earnings from continuing operations at $1.90-$2.10/share for the year, down from its earlier $2-$2.20 forecast.| May 4, 2012, 9:07 AM