BKV Corporation (NYSE:BKV) Receives Consensus Rating of “Moderate Buy” from Analysts

BKV Corporation (NYSE:BKV) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.8750.

A number of brokerages recently weighed in on BKV. Mizuho reduced their target price on BKV from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Finally, Barclays boosted their price objective on BKV from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th.

BKV Price Performance

Shares of BKV stock opened at $20.48 on Monday. BKV has a twelve month low of $15.00 and a twelve month high of $26.78. The stock has a market capitalization of $1.74 billion and a P/E ratio of -102.40. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $22.21 and its 200 day moving average price is $21.31.

BKV (NYSE:BKV) last issued its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%.The firm had revenue of $322.04 million for the quarter, compared to analysts’ expectations of $224.05 million. As a group, research analysts anticipate that BKV will post -1.82 earnings per share for the current year.

Insider Activity at BKV

In related news, insider Lindsay B. Larrick sold 15,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $23.20, for a total value of $348,000.00. Following the transaction, the insider owned 176,341 shares in the company, valued at approximately $4,091,111.20. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System acquired a new position in shares of BKV in the fourth quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after acquiring an additional 1,166 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after acquiring an additional 6,209 shares in the last quarter. Quantbot Technologies LP bought a new stake in BKV in the first quarter valued at about $1,605,000. Finally, Cooper Creek Partners Management LLC bought a new stake in BKV in the second quarter valued at about $8,215,000.

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.