BKV (NYSE:BKV) Price Target Raised to $36.00

BKV (NYSE:BKV) had its price target lifted by Mizuho from $33.00 to $36.00 in a research note published on Friday, Marketbeat reports. Mizuho currently has an outperform rating on the stock.

BKV has been the subject of a number of other research reports. KeyCorp increased their price target on BKV from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Susquehanna upped their target price on BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday, November 11th. Barclays started coverage on shares of BKV in a research report on Thursday, November 13th. They set an “overweight” rating and a $32.00 price target for the company. Zacks Research raised shares of BKV from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BKV in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, BKV presently has a consensus rating of “Buy” and a consensus target price of $31.17.

BKV Price Performance

Shares of BKV stock opened at $28.40 on Friday. The firm has a fifty day simple moving average of $24.77 and a 200-day simple moving average of $23.14. The company has a market capitalization of $2.75 billion, a PE ratio of 54.61 and a beta of 1.56. BKV has a twelve month low of $15.00 and a twelve month high of $29.65. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

BKV (NYSE:BKV) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.34. The firm had revenue of $199.23 million for the quarter, compared to analyst estimates of $234.36 million. BKV had a net margin of 5.67% and a return on equity of 6.91%. Equities research analysts anticipate that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Lindsay B. Larrick sold 6,518 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $25.00, for a total transaction of $162,950.00. Following the transaction, the insider directly owned 137,154 shares in the company, valued at $3,428,850. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 54,187 shares of company stock worth $1,311,375. Corporate insiders own 4.11% of the company’s stock.

Institutional Trading of BKV

Institutional investors and hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey lifted its position 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 buying an additional 1,166 shares during the last quarter. Strs Ohio acquired a new stake in BKV during the third quarter worth about $278,000. Quantbot Technologies LP acquired a new stake in BKV during the first quarter worth about $1,605,000. Cooper Creek Partners Management LLC bought a new position in BKV in the second quarter worth about $8,215,000. Finally, Geode Capital Management LLC boosted its stake in BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after acquiring an additional 45,989 shares during the period.

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.