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Black Hills Corporation (BKH) Stock Analysis

Range Bound setup

SellVALUE-TRAP 1/5Moderate Confidence

Utilities · Utilities - Regulated Gas

Earnings in 6 days (2026-05-06). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Analyst target reached at $75.09 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (4.6% away).

Black Hills Corporation is a South Dakota-based utility generating and distributing electricity to approximately 227,000 customers in Colorado, Montana, South Dakota, and Wyoming, and distributing natural gas to approximately 1,138,000 customers in Arkansas, Colorado, Iowa,... Read more

$75.09+2.8% A.UpsideScore 5.1/10#10 of 14 Utilities - Regulated Gas
Stop $71.00Target $77.12(resistance)A.R:R -0.5:1
Analyst target$83.00+10.5%5 analysts
$77.12our TP
$75.09price
$83.00mean
$90

Sell if holding. Analyst target reached at $75.09 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (4.6% away). Chart setup: RSI 54 mid-range, Bollinger mid-band. Score 5.1/10, moderate confidence.

Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 6d<=7d. Suitability: moderate.

Thesis

Rewards
No bull case signals
Risks
Analyst target reached - limited upside remaining
Near 52-week high (4.6% away)
Leverage penalty (D/E 1.2): -0.5

Key Metrics

P/E (TTM)18.7
P/E (Fwd)16.1
Mkt Cap$5.7B
EV/EBITDA12.5
Profit Mgn12.6%
ROE8.0%
Rev Growth6.4%
Beta0.71
Dividend3.78%
Rating analysts8

Quality Signals

Piotroski F7/9

Options Flow

P/C0.24bullish
IV55%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker

Growth below the gate floor. Component breakdown shows what dragged the score down.static

Earnings Growth
2.2
Revenue Growth
4.1
GatesA.R:R -0.5=NEGATIVEEARNINGS PROXIMITY 6d<=7dMomentum 5.5>=5.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRange BoundSuitability: Moderate
RSI
54 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $69.61Resistance $78.69

Price Targets

$71
$77
A.Upside+2.7%
A.R:R-0.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-3.8% upside)
! Negative risk/reward — downside exceeds upside
! EARNINGS_PROXIMITY:6d<=7d

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-05-06 (6d)

Verdict History

reverse chrono — latest first
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Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is BKH stock a buy right now?

Sell if holding. Analyst target reached at $75.09 — A.R:R is negative (-0.5) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (4.6% away). Chart setup: RSI 54 mid-range, Bollinger mid-band. Prior stop was $71.00. Score 5.1/10, moderate confidence.

What is the BKH stock price target?

Take-profit target: $77.12 (+2.8% upside). Prior stop was $71.00. Stop-loss: $71.00.

What are the risks of investing in BKH?

Analyst target reached - limited upside remaining; Near 52-week high (4.6% away); Leverage penalty (D/E 1.2): -0.5.

Is BKH overvalued or undervalued?

Black Hills Corporation trades at a P/E of 18.7 (forward 16.1). TrendMatrix value score: 5.8/10. Verdict: Sell.

What do analysts say about BKH?

8 analysts cover BKH with a consensus score of 4.0/5. Average price target: $83.

What does Black Hills Corporation do?Black Hills Corporation is a South Dakota-based utility generating and distributing electricity to approximately...

Black Hills Corporation is a South Dakota-based utility generating and distributing electricity to approximately 227,000 customers in Colorado, Montana, South Dakota, and Wyoming, and distributing natural gas to approximately 1,138,000 customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. It has a proposed all-stock merger with NorthWestern Energy pending regulatory approval, expected to close in the second half of 2026.

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