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

BKV Corporation (NYSE:BKV) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.1250.

Several research firms have commented on BKV. Citigroup lowered their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Wall Street Zen downgraded BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. KeyCorp raised their price objective on BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th.

Insider Activity at BKV

In other news, insider Eric S. Jacobsen sold 25,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the sale, the insider directly owned 227,843 shares in the company, valued at approximately $6,126,698.27. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKV. Cooper Creek Partners Management LLC raised its holdings in BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares during the period. SG Americas Securities LLC bought a new stake in BKV during the fourth quarter valued at about $1,509,000. Geode Capital Management LLC grew its position in shares of 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. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of BKV in the fourth quarter valued at about $52,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after purchasing an additional 1,455 shares during the period.

BKV Stock Performance

Shares of BKV opened at $26.74 on Wednesday. The company’s fifty day moving average is $27.24 and its 200-day moving average is $28.05. BKV has a 12 month low of $19.56 and a 12 month high of $32.81. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 8.10 and a beta of 1.03. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). The business had revenue of $432.85 million during the quarter, compared to analyst estimates of $337.63 million. BKV had a net margin of 21.71% and a return on equity of 6.43%. Equities analysts expect that BKV will post 1.5 EPS for the current fiscal year.

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.