BKH
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Black Hills Corporation (BKH) closed at $67.84 as of 2026-03-20, trading 19.5% above its 200-week moving average of $56.77. The stock is currently moving closer to the line, down from 27.7% last week. The 14-week RSI sits at 41, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.77 ratio) is neutral — neither side is clearly dominating.
Over the past 2721 weeks of data, BKH has crossed below its 200-week moving average 31 times. On average, these episodes lasted 17 weeks. Historically, investors who bought BKH at the start of these episodes saw an average one-year return of +14.2%.
With a market cap of $5.1 billion, BKH is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 8.0%. The stock trades at 1.3x book value.
Share count has increased 14.2% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in BKH would have grown to $1498, compared to $2683 for the S&P 500. BKH has returned 8.5% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BKH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BKH Crosses Below the Line?
Across 24 historical episodes, buying BKH when it crossed below its 200-week moving average produced an average return of +17.1% after 12 months (median +16.0%), compared to +16.4% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +29.7% vs +32.8% for the index.
Each line shows $100 invested at the moment BKH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BKH has crossed below its 200-week MA 31 times with an average 1-year return of +14.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Jun 1975 | 58 | 28.1% | -13.1% | +20241.4% |
| Oct 1979 | Nov 1979 | 6 | 2.1% | +17.0% | +14429.6% |
| Mar 1980 | Apr 1980 | 5 | 8.8% | +0.5% | +13965.9% |
| May 1980 | Jun 1980 | 4 | 1.5% | -3.1% | +13672.8% |
| Nov 1980 | Dec 1980 | 7 | 1.3% | -14.3% | +13391.8% |
| Jan 1981 | May 1982 | 70 | 16.2% | -4.5% | +13188.4% |
| Aug 1982 | Aug 1982 | 1 | 0.7% | +55.9% | +13461.0% |
| Jan 1994 | Jan 1994 | 2 | 5.7% | +2.9% | +1669.1% |
| Jan 1994 | Jan 1995 | 52 | 18.1% | +15.8% | +1659.0% |
| Apr 1995 | Jul 1995 | 13 | 7.0% | +22.7% | +1508.6% |
| Jul 2002 | Mar 2003 | 35 | 24.6% | +18.3% | +528.9% |
| Apr 2003 | Apr 2003 | 1 | 0.7% | +16.2% | +494.7% |
| May 2003 | May 2003 | 1 | 0.6% | +9.7% | +491.5% |
| Dec 2003 | Dec 2003 | 2 | 1.6% | +11.4% | +461.0% |
| May 2004 | May 2004 | 3 | 4.6% | +24.5% | +439.3% |
| Jul 2004 | Oct 2004 | 14 | 10.3% | +49.9% | +464.3% |
| Dec 2004 | Dec 2004 | 1 | 0.1% | +30.6% | +425.1% |
| Jun 2008 | Mar 2010 | 89 | 54.1% | -24.4% | +316.3% |
| May 2010 | Jun 2010 | 3 | 2.4% | +12.0% | +319.5% |
| Jun 2010 | Jul 2010 | 1 | 1.4% | +12.9% | +324.4% |
| Jul 2015 | Oct 2015 | 11 | 12.5% | +62.1% | +147.1% |
| Nov 2015 | Dec 2015 | 5 | 3.9% | +41.9% | +130.4% |
| Feb 2018 | Mar 2018 | 7 | 3.2% | +37.9% | +76.8% |
| Mar 2020 | Apr 2020 | 3 | 17.5% | +34.6% | +66.4% |
| Apr 2020 | Mar 2021 | 45 | 15.1% | +15.4% | +37.6% |
| Oct 2022 | Nov 2022 | 5 | 5.5% | -22.2% | +21.9% |
| Feb 2023 | Apr 2023 | 8 | 6.9% | -16.0% | +21.9% |
| May 2023 | Aug 2024 | 67 | 21.6% | -5.7% | +22.8% |
| Oct 2024 | Nov 2024 | 1 | 1.4% | +14.5% | +24.8% |
| Dec 2024 | Jan 2025 | 6 | 4.7% | +21.6% | +23.4% |
| Jun 2025 | Jul 2025 | 8 | 2.6% | N/A | +22.3% |
| Average | 17 | — | +14.2% | — |
Frequently Asked Questions
Is BKH below its 200-week moving average?
No. Black Hills Corporation (BKH) is currently 19.5% above its 200-week moving average of $56.77. It would need to fall to $56.77 to cross below the line.
What is BKH's 200-week moving average price?
Black Hills Corporation's 200-week moving average is $56.77 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BKH drops below its 200-week moving average?
BKH has crossed below its 200-week moving average 31 times in our data. On average, buying at that moment produced a one-year return of +14.2%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is BKH a good value right now?
Here's what our data says about BKH as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 41. Free cash flow is currently negative. Return on equity is 8.0%. Price-to-book is 1.3x. This is not a buy or sell recommendation — always do your own research.
How does BKH compare to the S&P 500?
Over the past 33.2 years, $100 invested in BKH would have grown to $1498, compared to $2683 for the S&P 500. That's 8.5% annualized vs 10.4% for the index. BKH has underperformed the broader market over this period.
Does BKH pay a dividend?
Yes. Black Hills Corporation currently pays a dividend yield of 415.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20