Black Hills Corporation Receives 'Moderate Buy' Rating from Analysts

Utility provider sees consensus rating and price target increase from research firms

Mar. 12, 2026 at 4:48pm

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Black Hills Corporation (NYSE:BKH), a diversified energy company based in Rapid City, South Dakota, has received a 'Moderate Buy' consensus rating from five research firms covering the stock. One analyst has a 'hold' recommendation, while four have assigned 'buy' ratings, with an average 12-month price target of $77.75.

Why it matters

The 'Moderate Buy' rating and increased price target suggest analysts see potential upside in Black Hills' stock, reflecting confidence in the company's operations and growth prospects within the utilities sector. As an electricity and natural gas provider serving customers across several states, Black Hills' performance is an important indicator of regional energy market conditions.

The details

The consensus rating and price target were reported by MarketBeat.com. Analysts at Wall Street Zen upgraded their rating on Black Hills from 'sell' to 'hold', while BMO Capital Markets and Siebert Williams Shank both raised their price targets, to $84 and $82 respectively. The company's latest quarterly results, reported in early February, also topped analyst expectations.

  • Black Hills reported Q4 2025 earnings on February 4, 2026.
  • The company's stock price closed at $71.56 on March 12, 2026.

The players

Black Hills Corporation

A diversified energy company based in Rapid City, South Dakota that provides electricity and natural gas distribution services to residential, commercial and industrial customers across several states.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The 'Moderate Buy' rating and increased price targets from analysts suggest confidence in Black Hills' ability to navigate the evolving utilities landscape and deliver value for shareholders. As a regional energy provider, the company's performance is an important barometer of broader market conditions in its service areas.