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Black Hills Corporation (BKH)

- NYSE
  • 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.
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  • 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."
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  • 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.
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Company Description
Black Hills Corp is a vertically-integrated energy company. It operates in utilities group comprised of regulated electric utilities & regulated gas utilities, and non-regulated energy group comprised of power generation, coal mining and oil and gas.
Sector: Utilities
Country: United States