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

BKV Corporation (NYSE:BKV) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.8571.

A number of equities research analysts have recently commented on the company. Roth Mkm reissued a “buy” rating and issued a $32.00 target price on shares of BKV in a research note on Thursday. Barclays initiated coverage on BKV in a research report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target for the company. Zacks Research downgraded shares of BKV from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Susquehanna raised their price objective on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $34.00 target price on shares of BKV in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BKV. Cooper Creek Partners Management LLC purchased a new stake in shares of BKV during the second quarter valued at $8,215,000. SG Americas Securities LLC bought a new position in BKV during the 4th quarter valued at about $1,509,000. Geode Capital Management LLC lifted its stake in BKV by 13.9% during the 2nd 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. Strs Ohio purchased a new stake in shares of BKV during the 3rd quarter valued at about $278,000. Finally, Police & Firemen s Retirement System of New Jersey grew 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 worth $102,000 after acquiring an additional 1,166 shares during the period.

BKV Price Performance

BKV stock opened at $30.33 on Friday. 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 50 day moving average price of $27.56 and a 200-day moving average price of $24.42. BKV has a 52-week low of $15.00 and a 52-week high of $30.83. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 58.33 and a beta of 1.60.

BKV (NYSE:BKV) last posted its quarterly 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. BKV had a return on equity of 6.91% and a net margin of 5.67%.The company had revenue of $199.23 million for the quarter, compared to the consensus estimate of $234.36 million. Equities research analysts forecast that BKV will post -1.82 EPS for the current fiscal year.

BKV declared that its Board of Directors has authorized a share repurchase program on Thursday, December 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About BKV

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.