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

BKV Corporation (NYSE:BKV) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.1667.

BKV has been the subject of several analyst reports. Mizuho raised their price objective on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Barclays initiated coverage on BKV in a report on Thursday, November 13th. They set an “overweight” rating and a $32.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of BKV in a research note on Monday. KeyCorp reiterated an “overweight” rating and set a $30.00 target price on shares of BKV in a research report on Friday. Finally, Zacks Research upgraded shares of BKV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th.

Insider Buying and Selling at BKV

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

Institutional Trading of BKV

Institutional investors and hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after buying an additional 1,166 shares during the period. Strs Ohio acquired a new position in BKV in the third quarter valued at approximately $278,000. Quantbot Technologies LP acquired a new position in BKV in the first quarter valued at approximately $1,605,000. Cooper Creek Partners Management LLC bought a new position in shares of BKV during the 2nd quarter worth approximately $8,215,000. Finally, Geode Capital Management LLC grew its position in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares during the period.

BKV Trading Up 2.7%

BKV opened at $26.72 on Friday. BKV has a twelve month low of $15.00 and a twelve month high of $29.65. 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 firm has a market cap of $2.59 billion, a PE ratio of 51.38 and a beta of 1.57. The firm’s fifty day moving average is $25.10 and its two-hundred day moving average is $23.28.

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

BKV declared that its Board of Directors has approved a share buyback plan on Thursday, December 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.