Wall Street Zen Upgrades BKV (NYSE:BKV) to Sell

BKV (NYSE:BKV) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently issued reports on BKV. Citigroup lowered their price objective on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Truist Financial reduced their target price on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Raymond James Financial set a $29.00 price target on shares of BKV in a research report on Tuesday, September 15th. Finally, Susquehanna dropped their price target on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.56.

BKV Stock Performance

NYSE:BKV opened at $22.97 on Friday. The company has a market capitalization of $2.51 billion, a P/E ratio of 8.38 and a beta of 1.06. The business has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $26.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. BKV has a 1 year low of $20.08 and a 1 year high of $32.81.

BKV (NYSE:BKV) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. On average, analysts expect that BKV will post 1.62 earnings per share for the current year.

Insider Activity at BKV

In other BKV news, CFO David Tameron sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the transaction, the chief financial officer owned 57,024 shares in the company, valued at $1,461,525.12. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.73, for a total value of $318,460.21. Following the completion of the transaction, the senior vice president owned 84,276 shares of the company’s stock, valued at approximately $2,168,421.48. This represents a 12.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 28,198 shares of company stock worth $733,271. 2.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On BKV

Several hedge funds have recently bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV during the fourth quarter valued at approximately $52,000. PEAK6 LLC purchased a new stake in BKV in the 2nd quarter worth approximately $270,000. Arizona State Retirement System bought a new position in BKV in the 2nd quarter valued at $289,000. Jupiter Topco LLC purchased a new position in shares of BKV during the 2nd quarter valued at $446,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of BKV during the 2nd quarter valued at $479,000.

About BKV

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.