BKV Corporation (NYSE:BKV) Given Average Recommendation of “Moderate Buy” by Analysts

BKV Corporation (NYSE:BKV) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.8571.

BKV has been the subject of several recent research reports. Mizuho raised their price objective on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Barclays initiated coverage on shares of BKV in a research note on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Zacks Research cut shares of BKV from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Susquehanna raised their target price on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th.

BKV Stock Performance

BKV stock opened at $30.43 on Thursday. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $32.81. The stock’s 50 day simple moving average is $28.83 and its two-hundred day simple moving average is $25.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 15.61 and a beta of 1.53.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 8.43% and a net margin of 17.16%.The firm had revenue of $259.91 million during the quarter, compared to the consensus estimate of $268.05 million. As a group, analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

BKV declared that its board has authorized a share 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On BKV

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares during the last quarter. Cooper Creek Partners Management LLC grew its holdings 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 valued at $10,678,000 after buying an additional 121,082 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BKV during the fourth quarter valued at approximately $1,509,000. Strs Ohio purchased a new position in BKV in the 3rd quarter worth approximately $278,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during 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.