BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BKV Corporation (NYSE:BKV) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $34.1250.

A number of brokerages have recently issued reports on BKV. KeyCorp increased their price target on shares of BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Truist Financial began coverage on shares of BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target for the company. Zacks Research downgraded shares of BKV from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Citigroup cut their price target on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday. Finally, Weiss Ratings lowered BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th.

Insider Buying and Selling at BKV

In other BKV news, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.89, for a total value of $672,250.00. Following the sale, the insider owned 227,843 shares of the company’s stock, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the sale, the chief financial officer directly owned 61,925 shares in the company, valued at $1,839,791.75. This trade represents a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,300 shares of company stock worth $1,663,133 in the last three months. 2.51% of the stock is owned by corporate insiders.

Institutional Trading of BKV

Several large investors have recently bought and sold shares of the company. Cooper Creek Partners Management LLC grew its holdings in BKV by 24.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after purchasing an additional 416,281 shares during the last quarter. Geode Capital Management LLC grew its holdings in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after buying an additional 62,485 shares in the last quarter. SG Americas Securities LLC purchased a new stake in BKV in the 4th quarter valued at approximately $1,509,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after buying an additional 1,455 shares in the last quarter.

BKV Stock Performance

Shares of BKV opened at $25.10 on Friday. The company has a 50-day simple moving average of $27.85 and a 200-day simple moving average of $28.23. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.75 billion, a PE ratio of 7.61 and a beta of 1.05. BKV has a 52-week low of $19.56 and a 52-week high of $32.81.

BKV (NYSE:BKV) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). The company had revenue of $432.85 million during the quarter, compared to analysts’ expectations of $337.64 million. BKV had a net margin of 21.71% and a return on equity of 6.43%. Equities research analysts predict that BKV will post 1.5 earnings per share 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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.