BKV (NYSE:BKV) Given New $33.00 Price Target at Mizuho

BKV (NYSE:BKV) had its price objective increased by Mizuho from $30.00 to $33.00 in a research report sent to investors on Thursday morning, MarketBeat reports. Mizuho currently has an outperform rating on the stock.

A number of other research firms have also weighed in on BKV. Barclays raised their price target on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, BKV presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

BKV Price Performance

BKV opened at $22.82 on Thursday. The company has a fifty day simple moving average of $22.23 and a 200 day simple moving average of $21.56. The firm has a market cap of $1.93 billion and a price-to-earnings ratio of -114.10. BKV has a twelve month low of $15.00 and a twelve month high of $26.78. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.

BKV (NYSE:BKV) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The business had revenue of $322.04 million during the quarter, compared to analyst estimates of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. Equities research analysts expect that BKV will post -1.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total transaction of $348,000.00. Following the completion of the transaction, the insider directly owned 176,341 shares of the company’s stock, valued at $4,091,111.20. This trade represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BKV. Bank of New York Mellon Corp boosted its holdings in shares of BKV by 21.2% in the 1st 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 period. Quantbot Technologies LP acquired a new position in shares of BKV in the 1st quarter valued at about $1,605,000. Geode Capital Management LLC boosted its holdings in shares of BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after buying an additional 45,989 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after buying an additional 1,166 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of BKV in the 2nd quarter valued at about $8,215,000.

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.