Black Hills (BKH) Stock Forecast, Price Target & Predictions
BKH Stock Forecast
Black Hills stock forecast is as follows: an average price target of $57.00 (represents a -9.75% downside from BKH’s last price of $63.16) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
BKH Price Target
The average price target for Black Hills (BKH) is $57.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $57.00 to $57.00. This represents a potential -9.75% downside from BKH's last price of $63.16.
BKH Analyst Ratings
According to 4 Wall Street analysts, Black Hills's rating consensus is 'Hold'. The analyst rating breakdown for BKH stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (75.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Black Hills Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Anthony Crowdell | Mizuho Securities | $57.00 | $56.87 | 0.23% | -9.75% |
The latest Black Hills stock forecast, released on May 16, 2024 by Anthony Crowdell from Mizuho Securities, set a price target of $57.00, which represents a 0.23% increase from the stock price at the time of the forecast ($56.87), and a -9.75% decrease from BKH last price ($63.16).
Black Hills Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $57.00 |
| Last Closing Price | $63.16 | $63.16 | $63.16 |
| Upside/Downside | -100.00% | -100.00% | -9.75% |
In the current month, the average price target of Black Hills stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Black Hills's last price of $63.16. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 20, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Nov 21, 2023 | Mizuho Securities | - | Neutral | Upgrade |
| Sep 06, 2023 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Dec 14, 2021 | Litchfield Hills | - | Reduce | Upgrade |
Black Hills's last stock rating was published by Scotiabank on Aug 20, 2024. The company gave BKH a "Sector Perform" rating, the same as its previous rate.
Black Hills Financial Forecast
Black Hills Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $591.70M | $407.13M | $411.30M | $921.20M | $130.60M | $462.60M | $474.20M | $823.60M | $562.51M | $380.59M |
| Avg Forecast | $659.87M | $561.78M | $535.89M | $721.77M | $652.48M | $557.17M | $530.66M | $712.98M | $631.98M | $539.09M | $513.29M | $691.94M | $636.03M | $538.81M | $426.25M | $732.35M | $952.93M | $446.34M | $498.00M | $683.00M | $863.67M | $579.85M | $552.13M | $748.13M | $523.36M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| High Forecast | $667.12M | $567.96M | $541.78M | $729.70M | $659.65M | $563.30M | $536.49M | $720.82M | $638.93M | $545.02M | $518.93M | $699.54M | $643.02M | $544.73M | $430.94M | $751.14M | $963.40M | $451.24M | $503.47M | $690.51M | $873.16M | $586.22M | $558.20M | $756.35M | $529.11M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| Low Forecast | $652.62M | $555.61M | $530.00M | $713.84M | $645.32M | $551.05M | $524.83M | $705.15M | $625.04M | $533.17M | $507.65M | $684.34M | $629.05M | $532.89M | $421.57M | $713.57M | $942.46M | $441.44M | $492.53M | $675.50M | $854.18M | $573.48M | $546.07M | $739.91M | $517.61M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.70% | 0.74% | 1.23% | 0.25% | 1.12% | 1.17% | 1.30% | 1.15% | 0.98% |
Black Hills's average Quarter revenue forecast for Mar 24 based on 1 analysts is $683.00M, with a low forecast of $675.50M, and a high forecast of $690.51M. BKH's average Quarter revenue forecast represents a 15.43% increase compared to the company's last Quarter revenue of $591.70M (Dec 23).
Black Hills EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $209.27M | $76.53M | $126.80M | $237.20M | $129.00M | $144.00M | $138.10M | $234.60M | $172.09M | $147.13M |
| Avg Forecast | $403.14M | $343.22M | $327.40M | $440.96M | $398.63M | $340.40M | $324.20M | $435.59M | $386.11M | $329.36M | $313.59M | $422.74M | $388.58M | $329.18M | $260.42M | $447.43M | $582.19M | $272.69M | $304.25M | $251.04M | $527.65M | $354.26M | $337.32M | $228.21M | $189.30M | $252.55M | $247.77M | $207.47M | $298.14M | $236.27M |
| High Forecast | $407.57M | $346.99M | $331.00M | $445.81M | $403.01M | $344.14M | $327.77M | $440.38M | $390.35M | $332.98M | $317.04M | $427.38M | $392.85M | $332.80M | $263.28M | $458.91M | $588.59M | $275.69M | $307.59M | $301.24M | $533.45M | $358.15M | $341.03M | $273.86M | $227.15M | $252.55M | $247.77M | $248.96M | $298.14M | $236.27M |
| Low Forecast | $398.71M | $339.45M | $323.80M | $436.12M | $394.25M | $336.66M | $320.64M | $430.81M | $381.87M | $325.74M | $310.15M | $418.09M | $384.31M | $325.57M | $257.56M | $435.95M | $575.79M | $269.69M | $300.91M | $200.83M | $521.86M | $350.37M | $333.62M | $182.57M | $151.44M | $252.55M | $247.77M | $165.97M | $298.14M | $236.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.22% | 0.38% | 1.04% | 0.68% | 0.57% | 0.56% | 1.13% | 0.58% | 0.62% |
1 analysts predict BKH's average Quarter EBITDA for Mar 24 to be $251.04M, with a high of $301.24M and a low of $200.83M. This is 19.96% upper than Black Hills's previous annual EBITDA (Dec 23) of $209.27M.
Black Hills Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $79.68M | $63.49M | $23.00M | $114.10M | $72.50M | $34.90M | $33.40M | $117.50M | $74.32M | $44.11M |
| Avg Forecast | $102.43M | $61.97M | $51.44M | $130.70M | $97.74M | $57.68M | $46.68M | $126.10M | $93.20M | $53.90M | $43.13M | $121.70M | $92.49M | $31.06M | $37.42M | $129.90M | $92.02M | $34.74M | $20.47M | $127.55M | $76.08M | $35.83M | $26.48M | $115.96M | $78.27M | $40.07M | $27.72M | $105.42M | $86.94M | $44.43M |
| High Forecast | $103.89M | $62.85M | $52.18M | $132.57M | $99.14M | $58.51M | $47.35M | $127.90M | $94.53M | $54.67M | $43.74M | $123.44M | $93.81M | $31.51M | $37.95M | $140.18M | $94.32M | $35.23M | $20.77M | $153.07M | $77.16M | $39.15M | $26.85M | $139.15M | $93.92M | $40.07M | $27.72M | $126.50M | $86.94M | $44.43M |
| Low Forecast | $100.96M | $61.08M | $50.71M | $128.83M | $96.34M | $56.86M | $46.02M | $124.30M | $91.87M | $53.13M | $42.51M | $119.97M | $91.17M | $30.62M | $36.88M | $124.03M | $90.48M | $34.24M | $20.18M | $102.04M | $74.99M | $33.18M | $26.10M | $92.77M | $62.62M | $40.07M | $27.72M | $84.33M | $86.94M | $44.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.77% | 0.87% | 0.98% | 0.93% | 0.87% | 1.21% | 1.11% | 0.85% | 0.99% |
Black Hills's average Quarter net income forecast for Mar 24 is $127.55M, with a range of $102.04M to $153.07M. BKH's average Quarter net income forecast represents a 60.08% increase compared to the company's last Quarter net income of $79.68M (Dec 23).
Black Hills SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $865.77K | $737.08K | $703.11K | $946.99K | $856.09K | $731.04K | $696.25K | $935.46K | $829.19K | $707.31K | $673.46K | $907.85K | $834.51K | $706.94K | $559.27K | $960.88K | $1.25M | $585.62K | $653.40K | $896.13K | $1.13M | $760.79K | $724.42K | $981.58K | $686.67K | $542.36K | $532.09K | $830.91K | $640.27K | $507.39K |
| High Forecast | $875.29K | $745.18K | $710.84K | $957.40K | $865.50K | $739.07K | $703.90K | $945.75K | $838.31K | $715.09K | $680.86K | $917.83K | $843.68K | $714.71K | $565.41K | $985.53K | $1.26M | $592.05K | $660.58K | $905.98K | $1.15M | $769.15K | $732.38K | $992.37K | $694.21K | $542.36K | $532.09K | $830.91K | $640.27K | $507.39K |
| Low Forecast | $856.27K | $728.99K | $695.38K | $936.59K | $846.69K | $723.01K | $688.60K | $925.19K | $820.09K | $699.54K | $666.06K | $897.88K | $825.34K | $699.17K | $553.12K | $936.24K | $1.24M | $579.18K | $646.22K | $886.28K | $1.12M | $752.44K | $716.47K | $970.80K | $679.13K | $542.36K | $532.09K | $830.91K | $640.27K | $507.39K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Black Hills's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to BKH last annual SG&A of $NaN (undefined).
Black Hills EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.17 | $0.94 | $0.35 | $1.73 | $1.11 | $0.54 | $0.52 | $1.82 | $1.16 | $0.70 |
| Avg Forecast | $1.45 | $0.88 | $0.73 | $1.85 | $1.38 | $0.82 | $0.66 | $1.79 | $1.32 | $0.76 | $0.61 | $1.72 | $1.31 | $0.44 | $0.53 | $1.84 | $1.30 | $0.49 | $0.29 | $1.70 | $1.08 | $0.51 | $0.38 | $1.67 | $1.17 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| High Forecast | $1.47 | $0.89 | $0.74 | $1.88 | $1.40 | $0.83 | $0.67 | $1.81 | $1.34 | $0.77 | $0.62 | $1.75 | $1.33 | $0.45 | $0.54 | $1.99 | $1.34 | $0.50 | $0.29 | $1.76 | $1.09 | $0.55 | $0.38 | $1.70 | $1.19 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| Low Forecast | $1.43 | $0.87 | $0.72 | $1.82 | $1.36 | $0.81 | $0.65 | $1.76 | $1.30 | $0.75 | $0.60 | $1.70 | $1.29 | $0.43 | $0.52 | $1.76 | $1.28 | $0.48 | $0.29 | $1.64 | $1.06 | $0.47 | $0.37 | $1.65 | $1.15 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.85% | 0.93% | 1.03% | 0.95% | 0.93% | 1.29% | 1.10% | 0.92% | 1.09% |
According to 1 Wall Street analysts, Black Hills's projected average Quarter EPS for Mar 24 is $1.70, with a low estimate of $1.64 and a high estimate of $1.76. This represents a 45.01% increase compared to BKH previous annual EPS of $1.17 (Dec 23).
Black Hills Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AES | AES | $13.62 | $26.25 | 92.73% | Buy |
| MNTK | Montauk Renewables | $4.11 | $6.25 | 52.07% | Hold |
| OTTR | Otter Tail | $80.31 | $81.00 | 0.86% | Hold |
| AVA | Avista | $37.47 | $37.75 | 0.75% | Buy |
| NWE | NorthWestern | $55.27 | $51.20 | -7.36% | Buy |
| BKH | Black Hills | $63.16 | $57.00 | -9.75% | Hold |
| ALE | ALLETE | $64.72 | $58.00 | -10.38% | Buy |
| SRE | Sempra | $92.19 | $69.50 | -24.61% | Buy |