BKV (NYSE:BKV) Price Target Raised to $33.00

BKV (NYSE:BKV) had its price target lifted by Susquehanna from $32.00 to $33.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a positive rating on the stock.

A number of other brokerages have also recently weighed in on BKV. Mizuho raised their price target on BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

BKV Price Performance

BKV stock opened at $26.63 on Tuesday. The firm has a 50 day moving average of $22.72 and a 200-day moving average of $22.10. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 51.20 and a beta of 1.70. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. BKV has a 12-month low of $15.00 and a 12-month high of $27.77.

BKV (NYSE:BKV) last released its quarterly earnings data on Monday, November 10th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.34. The firm had revenue of $199.23 million during the quarter, compared to the consensus estimate of $234.36 million. BKV had a return on equity of 6.91% and a net margin of 5.67%. As a group, equities analysts expect that BKV will post -1.82 EPS for the current fiscal year.

Insider Activity

In related news, insider Lindsay B. Larrick sold 6,518 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $25.00, for a total transaction of $162,950.00. Following the sale, the insider owned 137,154 shares of the company’s stock, valued at $3,428,850. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 54,187 shares of company stock valued at $1,311,375 in the last quarter. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of BKV by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after purchasing an additional 6,209 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of BKV in the first quarter valued at approximately $1,605,000. Geode Capital Management LLC lifted its stake in shares of BKV by 13.9% during the second 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 position in BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new stake in BKV during the second quarter worth approximately $8,215,000.

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.