BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of BKV Corporation (NYSE:BKV) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.8750.

BKV has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Citigroup cut their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Wall Street Zen lowered BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th.

Insider Activity at BKV

In other news, insider Eric S. Jacobsen sold 25,000 shares of BKV stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total transaction of $672,250.00. Following the sale, the insider owned 227,843 shares in the company, valued at $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in BKV in the fourth quarter valued at $1,509,000. Cooper Creek Partners Management LLC lifted its holdings in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after acquiring an additional 416,281 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV during the 4th quarter worth $52,000. Finally, Police & Firemen s Retirement System of New Jersey increased 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 worth $155,000 after purchasing an additional 1,455 shares in the last quarter.

BKV Stock Up 4.1%

BKV opened at $23.94 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 7.26 and a beta of 1.08. The business has a 50-day moving average of $25.57 and a two-hundred day moving average of $27.80. BKV has a 12 month low of $19.56 and a 12 month high of $32.81.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. BKV had a net margin of 21.71% and a return on equity of 6.43%. The business had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. On average, research analysts expect that BKV will post 1.48 earnings per share for the current year.

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.