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 -1.67% downside from BKH’s last price of $57.97) 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 -1.67% downside from BKH's last price of $57.97.
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% | -1.67% |
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 -1.67% decrease from BKH last price ($57.97).
Black Hills Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $57.00 |
| Last Closing Price | $57.97 | $57.97 | $57.97 |
| Upside/Downside | -100.00% | -100.00% | -1.67% |
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 $57.97. 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 | $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 |
| Low 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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 $683.00M, and a high forecast of $683.00M. 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 | 1 | 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 | $402.90M | $343.01M | $327.20M | $440.69M | $398.39M | $340.20M | $324.01M | $435.33M | $385.88M | $329.16M | $313.40M | $422.48M | $388.35M | $328.98M | $260.26M | $447.16M | $581.84M | $272.52M | $304.07M | $251.04M | $527.34M | $354.04M | $337.12M | $228.21M | $189.30M | $252.55M | $247.77M | $207.47M | $298.14M | $236.27M |
| High Forecast | $402.90M | $343.01M | $327.20M | $440.69M | $398.39M | $340.20M | $324.01M | $435.33M | $385.88M | $329.16M | $313.40M | $422.48M | $388.35M | $328.98M | $260.26M | $447.16M | $581.84M | $272.52M | $304.07M | $301.24M | $527.34M | $354.04M | $337.12M | $273.86M | $227.15M | $252.55M | $247.77M | $248.96M | $298.14M | $236.27M |
| Low Forecast | $402.90M | $343.01M | $327.20M | $440.69M | $398.39M | $340.20M | $324.01M | $435.33M | $385.88M | $329.16M | $313.40M | $422.48M | $388.35M | $328.98M | $260.26M | $447.16M | $581.84M | $272.52M | $304.07M | $200.83M | $527.34M | $354.04M | $337.12M | $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 | 1 | 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 | $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 | $138.38M | $97.13M | $34.74M | $20.47M | $153.07M | $76.08M | $39.15M | $26.48M | $139.15M | $93.92M | $40.07M | $27.72M | $126.50M | $86.94M | $44.43M |
| Low 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 | $121.43M | $89.09M | $34.74M | $20.47M | $102.04M | $76.08M | $33.18M | $26.48M | $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 | 1 | 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 | $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 |
| Low 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 |
| 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 | 1 | 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 | $1.45 | $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 | $1.96 | $1.38 | $0.49 | $0.29 | $1.76 | $1.08 | $0.55 | $0.38 | $1.67 | $1.17 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| Low 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 | $1.72 | $1.26 | $0.49 | $0.29 | $1.64 | $1.08 | $0.47 | $0.38 | $1.67 | $1.17 | $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 | $12.87 | $21.50 | 67.06% | Buy |
| MNTK | Montauk Renewables | $3.95 | $6.25 | 58.23% | Hold |
| NWE | NorthWestern | $52.25 | $60.50 | 15.79% | Buy |
| AVA | Avista | $36.74 | $40.00 | 8.87% | Hold |
| OTTR | Otter Tail | $76.36 | $81.00 | 6.08% | Hold |
| SRE | Sempra | $86.96 | $92.20 | 6.03% | Buy |
| BKH | Black Hills | $60.06 | $57.00 | -5.09% | Hold |
| ALE | ALLETE | $64.68 | $58.00 | -10.33% | Buy |