Barclays Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price objective lifted by Barclays from $24.00 to $30.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts also recently issued reports on the company. Mizuho raised their price target on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Susquehanna boosted their price target on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Jefferies Financial Group began coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective on the stock. KeyCorp boosted their target price on shares of BKV from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Evercore ISI began coverage on shares of BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $28.25.

BKV Stock Performance

NYSE:BKV opened at $24.94 on Thursday. The business’s 50 day moving average price is $23.25. BKV has a 52 week low of $17.39 and a 52 week high of $26.78.

BKV (NYSE:BKV) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The business had revenue of $173.09 million during the quarter, compared to the consensus estimate of $173.67 million. On average, research analysts forecast that BKV will post -1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BKV

An institutional investor recently bought a new position in BKV stock. SG Americas Securities LLC acquired a new stake in shares of BKV Corporation (NYSE:BKV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.