BKV (NYSE:BKV) Posts Earnings Results, Beats Expectations By $0.11 EPS

BKV (NYSE:BKV) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11, Zacks reports. The company had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million.

BKV Trading Down 1.1 %

NYSE BKV traded down $0.22 on Friday, hitting $20.12. The stock had a trading volume of 111,163 shares, compared to its average volume of 461,044. The firm’s 50-day simple moving average is $23.87. BKV has a one year low of $17.39 and a one year high of $26.78.

Wall Street Analysts Forecast Growth

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

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.