BKV (NYSE:BKV) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of BKV (NYSE:BKV) from a hold rating to a sell rating in a research report report published on Saturday.

Several other equities analysts have also weighed in on the stock. Zacks Research lowered shares of BKV from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. KeyCorp reaffirmed an “overweight” rating and set a $34.00 price objective on shares of BKV in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Citigroup restated a “buy” rating and set a $36.00 target price on shares of BKV in a research report on Tuesday, March 10th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price target on shares of BKV in a research note on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.71.

BKV Price Performance

BKV opened at $28.84 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.78 and a quick ratio of 1.75. The stock has a market capitalization of $3.15 billion, a P/E ratio of 14.79 and a beta of 1.53. The company’s 50 day simple moving average is $29.25 and its 200-day simple moving average is $26.31. BKV has a one year low of $15.00 and a one year high of $32.81.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The firm had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. Sell-side analysts anticipate that BKV will post -1.82 earnings per share for the current fiscal year.

BKV declared that its board has authorized a stock buyback plan on Thursday, December 18th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On BKV

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after purchasing an additional 160,171 shares in the last quarter. Cooper Creek Partners Management LLC grew its holdings in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares in the last quarter. SG Americas Securities LLC acquired a new stake in BKV in the 4th quarter valued at approximately $1,509,000. Strs Ohio acquired a new stake in BKV in the 3rd quarter valued at approximately $278,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after acquiring an additional 1,455 shares in the last quarter.

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.