BKV Corporation (NYSE:BKV) Receives $27.75 Consensus Target Price from Analysts

BKV Corporation (NYSE:BKV) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.88.

BKV has been the subject of several analyst reports. Truist Financial decreased their target price on shares of BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 17th. KeyCorp decreased their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Finally, Barclays boosted their target price on shares of BKV from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday.

BKV Stock Performance

Shares of NYSE BKV opened at $22.57 on Friday. BKV has a 12 month low of $15.00 and a 12 month high of $26.78. The company has a 50 day simple moving average of $19.09 and a two-hundred day simple moving average of $21.22.

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

Insiders Place Their Bets

In other news, insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the sale, the insider now directly owns 245,528 shares in the company, valued at $5,173,274.96. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ethan Ngo sold 21,667 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total transaction of $435,290.03. Following the completion of the sale, the insider now owns 286,008 shares of the company’s stock, valued at $5,745,900.72. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,675 shares of company stock worth $2,389,090.

Institutional Investors Weigh In On BKV

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System acquired a new stake in shares of BKV in the fourth quarter valued at about $26,000. Bank of New York Mellon Corp raised its position in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after buying an additional 6,209 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of BKV in the fourth quarter valued at about $157,000. Corebridge Financial Inc. acquired a new stake in shares of BKV in the fourth quarter valued at about $170,000. Finally, Quantbot Technologies LP acquired a new stake in shares of BKV in the first quarter valued at about $1,605,000.

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.