BKV Corporation (NYSE:BKV) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of BKV Corporation (NYSE:BKV) have been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.56.

A number of research analysts have recently issued reports on BKV shares. Barclays dropped their target price on BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Citigroup lowered their price objective on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Weiss Ratings cut shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Jefferies Financial Group restated a “buy” rating and set a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Finally, Susquehanna reduced their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st.

BKV Stock Down 5.2%

BKV stock opened at $21.88 on Monday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 7.99 and a beta of 1.06. The company has a fifty day moving average price of $24.68 and a 200 day moving average price of $26.54. 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 12 month low of $20.08 and a 12 month high of $32.81.

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

Insider Transactions at BKV

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the sale, the insider owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. The trade was a 10.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.73, for a total value of $318,460.21. Following the transaction, the senior vice president owned 84,276 shares in the company, valued at $2,168,421.48. The trade was a 12.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,198 shares of company stock worth $733,271 over the last ninety days. 2.51% of the stock is currently owned by company insiders.

Institutional Trading of BKV

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

BKV Company Profile

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.