BKV Corporation (NYSE:BKV) Receives $33.56 Consensus Price Target from Brokerages

BKV Corporation (NYSE:BKV) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.5556.

Several equities analysts recently commented on BKV shares. Barclays cut their target price on shares of BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Jefferies Financial Group restated a “buy” rating and set a $34.00 price objective on shares of BKV in a report on Friday, July 10th. Wall Street Zen raised shares of BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Raymond James Financial set a $29.00 target price on shares of BKV in a research note on Tuesday, September 15th. Finally, Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th.

BKV Stock Performance

BKV opened at $23.29 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $24.81 and its two-hundred day moving average price is $26.63. The firm has a market capitalization of $2.55 billion, a P/E ratio of 8.50 and a beta of 1.06. BKV has a 12-month low of $20.08 and a 12-month high of $32.81.

BKV (NYSE:BKV) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. On average, equities analysts forecast that BKV will post 1.62 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On BKV

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in BKV in the 2nd quarter valued at $74,241,000. Cooper Creek Partners Management LLC boosted its position in shares of 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 acquiring an additional 416,281 shares in the last quarter. William Blair Investment Management LLC bought a new stake in BKV in the second quarter valued at about $32,689,000. Value Aligned Research Advisors LLC raised its position in BKV by 110.5% in the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock worth $18,602,000 after purchasing an additional 356,848 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in BKV in the second quarter worth about $16,177,000.

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.