Shares of BKV Corporation (NYSE:BKV – Get Free Report) have received an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $28.13.
BKV has been the subject of several research reports. Evercore ISI boosted their price target on BKV from $20.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Barclays boosted their price target on BKV from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Truist Financial dropped their price target on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, KeyCorp dropped their price target on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th.
Get Our Latest Stock Analysis on BKV
BKV Stock Up 1.1%
BKV (NYSE:BKV – Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. The business had revenue of $216.13 million during the quarter, compared to analysts’ expectations of $223.20 million. On average, equities research analysts expect that BKV will post -1.82 EPS for the current fiscal year.
Insider Activity
In other BKV news, insider Ethan Ngo sold 21,667 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $20.09, for a total transaction of $435,290.03. Following the completion of the sale, the insider now directly owns 286,008 shares of the company’s stock, valued at approximately $5,745,900.72. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $21.65, for a total value of $216,500.00. Following the completion of the sale, the insider now directly owns 220,528 shares of the company’s stock, valued at $4,774,431.20. This represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,775 shares of company stock worth $4,997,603. 4.11% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BKV
Several hedge funds have recently bought and sold shares of BKV. Driehaus Capital Management LLC purchased a new stake in shares of BKV in the fourth quarter valued at $9,553,000. Geode Capital Management LLC purchased a new stake in shares of BKV in the fourth quarter valued at $7,728,000. Quantbot Technologies LP purchased a new stake in shares of BKV in the first quarter valued at $1,605,000. Bank of New York Mellon Corp purchased a new stake in shares of BKV in the fourth quarter valued at $695,000. Finally, Corebridge Financial Inc. purchased a new stake in shares of BKV in the fourth quarter valued at $170,000.
BKV Company Profile
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.
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