BKV (NYSE:BKV) Downgraded by Wall Street Zen to “Sell”

BKV (NYSE:BKV) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Zacks Research downgraded BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Citigroup reissued a “buy” rating and issued a $36.00 target price on shares of BKV in a report on Tuesday, March 10th. KeyCorp restated an “overweight” rating and set a $34.00 price target on shares of BKV in a research note on Thursday, February 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target on shares of BKV in a report on Thursday, February 5th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.71.

BKV Trading Up 0.4%

NYSE BKV opened at $29.10 on Friday. The firm’s fifty day moving average is $29.19 and its two-hundred day moving average is $26.22. BKV has a one year low of $15.00 and a one year high of $32.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The firm has a market cap of $3.18 billion, a PE ratio of 14.92 and a beta of 1.54.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. Analysts expect that BKV will post -1.82 earnings per share for the current year.

BKV declared that its board has approved a share repurchase program on Thursday, December 18th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 45,989 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in 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 valued at $102,000 after purchasing an additional 1,166 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in BKV during the 2nd quarter worth approximately $8,215,000. Strs Ohio purchased a new stake in BKV during the 3rd quarter worth approximately $278,000. Finally, SG Americas Securities LLC acquired a new position in shares of BKV in the 4th quarter valued at approximately $1,509,000.

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.