BKV (NYSE:BKV) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of BKV (NYSE:BKV) from a sell rating to a strong sell rating in a research note published on Saturday morning.

BKV has been the subject of a number of other reports. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 16th. Citigroup restated a “buy” rating and set a $36.00 target price on shares of BKV in a research report on Tuesday, March 10th. KeyCorp boosted their target price on shares of BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded shares of BKV from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Roth Mkm restated a “buy” rating and set a $32.00 target price on shares of BKV in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $33.56.

BKV Trading Down 0.3%

NYSE:BKV opened at $28.49 on Friday. BKV has a 12 month low of $19.56 and a 12 month high of $32.81. The firm has a fifty day simple moving average of $28.74 and a 200-day simple moving average of $27.95. The company has a current ratio of 1.31, a quick ratio of 1.75 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.12 billion, a P/E ratio of 8.63 and a beta of 1.37.

BKV (NYSE:BKV) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). The company had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.64 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. On average, equities research analysts anticipate that BKV will post 1.46 earnings per share for the current year.

Insider Transactions at BKV

In other BKV news, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the transaction, the chief financial officer owned 61,925 shares in the company, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $30.96, for a total transaction of $774,000.00. Following the completion of the transaction, the insider owned 252,843 shares of the company’s stock, valued at approximately $7,828,019.28. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV in the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after purchasing an additional 1,455 shares in the last quarter. Strs Ohio purchased a new stake in shares of BKV during the third quarter worth about $278,000. SG Americas Securities LLC purchased a new stake in shares of BKV during the fourth quarter worth about $1,509,000. Finally, Cooper Creek Partners Management LLC increased its stake in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after purchasing an additional 121,082 shares in the last quarter.

About BKV

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.