Black Hills Corp (NYSE: BKH) has reported E.P.S. of $0.33 for its second fiscal quarter (ending June 30) versus $0.35 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.04 versus $3.72 for the same period a year ago.
Recent Price Action
Black Hills Corp (NYSE: BKH) stock rose slightly by 0.2% on 7/31/24. The stock closed at $59.05. Moreover, this advance was accompanied by exceptionally high trading volume at 211% of normal. The stock has risen 1.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BKH is expected to continue to be a Value Builder.
Black Hills has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Black Hills has a neutral Power Rating of 54 and a neutral Appreciation Score of 59, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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