BKV (NYSE:BKV) Price Target Raised to $29.00

BKV (NYSE:BKV) had its target price hoisted by Barclays from $28.00 to $29.00 in a report issued on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also commented on BKV. Truist Financial cut their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. KeyCorp dropped their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BKV presently has an average rating of “Buy” and an average price target of $27.88.

BKV Stock Performance

NYSE BKV opened at $22.58 on Monday. BKV has a one year low of $15.00 and a one year high of $26.78. The company’s 50 day moving average price is $19.00 and its 200 day moving average price is $21.18.

BKV (NYSE:BKV) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.15 by $0.26. The business had revenue of $216.13 million during the quarter, compared to analysts’ expectations of $223.20 million. Equities analysts anticipate that BKV will post -1.82 earnings per share for the current year.

Insider Activity

In other news, insider Lindsay B. Larrick sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total transaction of $316,050.00. Following the completion of the sale, the insider now owns 245,528 shares of the company’s stock, valued at approximately $5,173,274.96. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Jacobsen sold 31,350 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $20.01, for a total transaction of $627,313.50. Following the sale, the insider now directly owns 289,253 shares of the company’s stock, valued at $5,787,952.53. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,675 shares of company stock worth $2,389,090 over the last 90 days.

Institutional Trading of BKV

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of BKV during the first quarter worth approximately $1,605,000. Bank of New York Mellon Corp grew its position in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after buying an additional 6,209 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of BKV during the fourth quarter worth approximately $26,000. Driehaus Capital Management LLC acquired a new stake in shares of BKV during the fourth quarter worth approximately $9,553,000. Finally, Geode Capital Management LLC acquired a new position in BKV in the fourth quarter worth $7,728,000.

BKV Company Profile

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas.