BKV (NYSE:BKV) Hits New 52-Week High – Still a Buy?

Shares of BKV Corporation (NYSE:BKV) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.93 and last traded at $24.78, with a volume of 122165 shares. The stock had previously closed at $24.38.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BKV shares. Mizuho increased their target price on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Truist Financial increased their price objective on shares of BKV from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Barclays initiated coverage on shares of BKV in a research report on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price for the company. Susquehanna increased their price target on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Finally, Citigroup began coverage on BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $27.50.

BKV Stock Performance

The firm’s 50-day moving average price is $22.73.

BKV (NYSE:BKV) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.05. The company had revenue of $173.09 million during the quarter, compared to the consensus estimate of $173.67 million. Sell-side analysts predict that BKV Corporation will post -1.76 earnings per share for the current year.

Hedge Funds Weigh In On BKV

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC acquired a new stake in BKV Corporation (NYSE:BKV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,593 shares of the company’s stock, valued at approximately $157,000.

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.