BKV Corporation (NYSE:BKV) Stock Has Average Price Target of $33.56 According to Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $33.56.

BKV has been the subject of a number of research reports. Susquehanna dropped their target price on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 21st. Raymond James Financial set a $29.00 target price on BKV in a research note on Tuesday, September 15th. Weiss Ratings downgraded shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Jefferies Financial Group restated a “buy” rating and set a $34.00 price target on shares of BKV in a report on Friday, July 10th. Finally, Wall Street Zen upgraded BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th.

Insiders Place Their Bets

In other news, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider owned 83,925 shares in the company, valued at $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the transaction, the chief financial officer owned 57,024 shares in the company, valued at approximately $1,461,525.12. This trade represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,198 shares of company stock worth $733,271. 2.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its holdings in BKV by 87.7% in the 2nd quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock valued at $8,248,000 after purchasing an additional 140,835 shares during the period. Arizona State Retirement System bought a new stake in BKV in the 2nd quarter worth approximately $289,000. HighTower Advisors LLC bought a new stake in shares of BKV in the 2nd quarter worth approximately $677,000. Moore Capital Management LP bought a new stake in BKV in the second quarter worth $2,001,000. Finally, IMC Chicago LLC bought a new stake in BKV in the second quarter valued at approximately $662,000.

BKV Price Performance

Shares of BKV opened at $21.88 on Monday. BKV has a 52-week low of $20.08 and a 52-week high of $32.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a 50 day simple moving average of $24.68 and a 200 day simple moving average of $26.52. The firm has a market capitalization of $2.39 billion, a PE ratio of 7.99 and a beta of 1.06.

BKV (NYSE:BKV) last released its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. Sell-side analysts predict that BKV will post 1.62 EPS for the current fiscal year.

BKV Company Profile

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.