BKV (NYSE:BKV) Upgraded by Wall Street Zen to “Hold” Rating

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

Other research analysts have also recently issued reports about the stock. Mizuho lifted their target price on shares of BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Truist Financial started coverage on shares of BKV in a report on Tuesday, March 24th. They set a “buy” rating and a $37.00 price target on the stock. Citigroup reissued a “buy” rating and set a $36.00 price target on shares of BKV in a research report on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

BKV Trading Down 0.1%

NYSE BKV opened at $29.90 on Friday. BKV has a 12 month low of $15.00 and a 12 month high of $32.81. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $29.55 and its 200-day moving average price is $26.53. The stock has a market cap of $3.27 billion, a P/E ratio of 15.33 and a beta of 1.53.

BKV (NYSE:BKV) last posted its quarterly earnings results 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). The company had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. As a group, equities analysts forecast that BKV will post -1.82 EPS for the current fiscal year.

BKV announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at BKV

In other news, CFO David Tameron sold 7,300 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $29.71, for a total transaction of $216,883.00. Following the transaction, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at $1,839,791.75. This represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.12% of the stock is owned by insiders.

Institutional Trading of BKV

A number of hedge funds have recently bought and sold shares of BKV. Geode Capital Management LLC lifted its holdings in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after acquiring an additional 160,171 shares during the period. Cooper Creek Partners Management LLC boosted its position in BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after purchasing an additional 121,082 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BKV during the 4th quarter valued at about $1,509,000. Strs Ohio bought a new stake in shares of BKV during the 3rd quarter valued at about $278,000. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of BKV by 34.3% during 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 purchasing an additional 1,455 shares during the last quarter.

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