BKV (NYSE:BKV) Shares Down 4.5% – Should You Sell?

BKV Corporation (NYSE:BKV) fell 4.5% during trading on Wednesday . The company traded as low as $21.80 and last traded at $21.78. 132,164 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 420,432 shares. The stock had previously closed at $22.80.

Wall Street Analysts Forecast Growth

BKV has been the topic of a number of research reports. Susquehanna increased their price objective on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. KeyCorp lifted their target price on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays raised their price target on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Mizuho raised their price objective on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of BKV from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $28.38.

BKV Price Performance

The business has a 50 day simple moving average of $23.91.

BKV (NYSE:BKV) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. As a group, equities analysts forecast that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKV. SG Americas Securities LLC purchased a new stake in BKV in the 4th quarter worth about $157,000. Corebridge Financial Inc. purchased a new position in shares of BKV during the 4th quarter valued at about $170,000. Bank of New York Mellon Corp purchased a new stake in shares of BKV in the 4th quarter valued at $695,000. Geode Capital Management LLC purchased a new stake in shares of BKV during the fourth quarter valued at approximately $7,728,000. Finally, Driehaus Capital Management LLC purchased a new stake in shares of BKV during the fourth quarter worth about $9,553,000.

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.