Analysts Set BKV Corporation (NYSE:BKV) Target Price at $31.86

BKV Corporation (NYSE:BKV) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.8571.

BKV has been the topic of several recent analyst reports. Zacks Research cut shares of BKV from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Barclays assumed coverage on BKV in a report on Thursday, November 13th. They set an “overweight” rating and a $32.00 price target on the stock. Susquehanna boosted their price objective on BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Finally, Mizuho raised their target price on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, December 12th.

BKV Stock Performance

NYSE BKV opened at $30.23 on Friday. The company has a fifty day moving average price of $27.68 and a 200-day moving average price of $24.59. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 58.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83. BKV has a 1 year low of $15.00 and a 1 year high of $30.94.

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

BKV declared that its board has authorized a stock buyback plan on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Trading of BKV

Several hedge funds have recently added to or reduced their stakes in the stock. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV in the fourth quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey raised 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 worth $102,000 after purchasing an additional 1,166 shares during the period. Strs Ohio purchased a new position in BKV in the third quarter valued at approximately $278,000. SG Americas Securities LLC bought a new position in BKV during the fourth quarter valued at $1,509,000. Finally, Cooper Creek Partners Management LLC bought a new position in BKV during the second quarter valued at $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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.