BKV (NYSE:BKV) Sets New 52-Week High – Should You Buy?

BKV Corporation (NYSE:BKV)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.81 and last traded at $32.0170, with a volume of 190271 shares traded. The stock had previously closed at $31.33.

Analyst Upgrades and Downgrades

Several analysts have commented on BKV shares. Barclays assumed coverage on shares of BKV in a research note on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target on the stock. KeyCorp restated an “overweight” rating and set a $34.00 target price on shares of BKV in a research report on Thursday, February 5th. Susquehanna increased their price target on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Zacks Research cut BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, Mizuho upped their price objective on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Seven 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.86.

BKV Stock Up 0.2%

The firm has a market cap of $3.04 billion, a PE ratio of 16.07 and a beta of 1.54. The company has a 50-day simple moving average of $28.54 and a 200-day simple moving average of $25.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83.

BKV (NYSE:BKV) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). BKV had a return on equity of 8.43% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to the consensus estimate of $268.05 million. Analysts expect that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

BKV announced that its board has authorized a stock repurchase program on Thursday, December 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SBI Okasan Asset Management Co.Ltd. purchased a new stake in BKV in the 4th quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares in the last quarter. Strs Ohio purchased a new stake in shares of BKV in the third quarter valued at approximately $278,000. SG Americas Securities LLC bought a new position in BKV in the fourth quarter worth approximately $1,509,000. Finally, Cooper Creek Partners Management LLC purchased a new position in BKV during the 2nd quarter worth $8,215,000.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.