BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of BKV Corporation (NYSE:BKV) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.8750.

BKV has been the subject of several research analyst reports. Weiss Ratings lowered BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen raised shares of BKV from a “strong sell” rating to a “sell” rating in a report on Saturday. Truist Financial lowered their price target on shares of BKV from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Citigroup decreased their price target on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th.

BKV Stock Up 2.0%

BKV stock opened at $24.48 on Friday. The company’s 50 day moving average is $25.53 and its 200 day moving average is $27.77. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 8.93 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47. BKV has a 1-year low of $19.56 and a 1-year high of $32.81.

BKV (NYSE:BKV) last announced its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.95%. The business had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. Sell-side analysts predict that BKV will post 1.49 EPS for the current fiscal year.

Insider Activity

In other news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the transaction, the insider owned 227,843 shares in the company, valued at approximately $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in BKV during the 4th quarter valued at about $1,509,000. Cooper Creek Partners Management LLC raised its position in BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after purchasing an additional 416,281 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV in the 4th quarter worth approximately $52,000. Finally, Geode Capital Management LLC grew its position in shares of BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after buying an additional 160,171 shares during the last quarter.

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