BKV (NYSE:BKV) Shares Up 6.1% After Analyst Upgrade

BKV Corporation (NYSE:BKV) shares were up 6.1% during trading on Tuesday after KeyCorp raised their price target on the stock from $25.00 to $30.00. KeyCorp currently has an overweight rating on the stock. BKV traded as high as $27.58 and last traded at $27.18. Approximately 232,294 shares were traded during trading, a decline of 46% from the average daily volume of 431,028 shares. The stock had previously closed at $25.62.

Several other equities analysts have also issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Susquehanna increased their price target on shares of BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday. Finally, Mizuho raised their price objective on shares of BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Insider Buying and Selling at BKV

In related news, insider Lindsay B. Larrick sold 6,518 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $25.00, for a total value of $162,950.00. Following the sale, the insider owned 137,154 shares of the company’s stock, valued at $3,428,850. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 54,187 shares of company stock worth $1,311,375 in the last 90 days. 4.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BKV

Large investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 37.9% during 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 last quarter. Strs Ohio purchased a new position in BKV in the third quarter valued at $278,000. Bank of New York Mellon Corp raised its stake in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after buying an additional 6,209 shares in the last quarter. Quantbot Technologies LP purchased a new stake in BKV during the 1st quarter worth about $1,605,000. Finally, Cooper Creek Partners Management LLC purchased a new stake in BKV during the 2nd quarter worth about $8,215,000.

BKV Trading Down 2.4%

The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 51.05 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.85. The company has a 50-day moving average price of $22.63 and a 200-day moving average price of $22.07.

BKV (NYSE:BKV) last issued its 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. The business had revenue of $277.86 million for the quarter, compared to analyst estimates of $234.36 million. BKV had a return on equity of 6.91% and a net margin of 5.67%. As a group, research analysts forecast that BKV Corporation will post -1.82 EPS for the current fiscal year.

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.