BKH Stock Summary and Trading Ideas (Black Hills | NYSE:BKH)

Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.

Black Hills trades on the NYSE stock market under the symbol BKH.

As of April 17, 2024, BKH stock price climbed to $51.73 with 389,141 million shares trading.

BKH has a beta of 0.82, meaning it tends to be less sensitive to market movements. BKH has a correlation of 0.17 to the broad based SPY ETF.

BKH has a market cap of $3.53 billion. This is considered a Mid Cap stock.

Last quarter Black Hills reported $592 million in Revenue and $1.17 earnings per share. This fell short of revenue expectation by $-272 million and exceeded earnings estimates by $.09.

In the last 3 years, BKH stock traded as high as $80.95 and as low as $46.43.

The top ETF exchange traded funds that BKH belongs to (by Net Assets): VTI, IJH, VB, IWM, DVY.

BKH has underperformed the market in the last year with a price return of -16.6% while the SPY ETF gained +23.0%. BKH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and -4.6%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

BKH support price is $50.50 and resistance is $51.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKH stock will trade within this expected range on the day.