Barclays Begins Coverage on BKV (NYSE:BKV)

Analysts at Barclays began coverage on shares of BKV (NYSE:BKV) in a research report issued on Thursday. The firm set an “overweight” rating and a $32.00 price target on the stock. Barclays‘s price objective points to a potential upside of 17.50% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Mizuho increased their price objective on shares of BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. KeyCorp raised their price objective on shares of BKV from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Susquehanna upped their target price on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

BKV Trading Up 2.5%

Shares of BKV traded up $0.66 during mid-day trading on Thursday, reaching $27.24. The company’s stock had a trading volume of 361,757 shares, compared to its average volume of 436,726. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. BKV has a 52 week low of $15.00 and a 52 week high of $27.77. The company’s fifty day moving average price is $22.63 and its two-hundred day moving average price is $22.07. The stock has a market cap of $2.31 billion, a PE ratio of 52.39 and a beta of 1.70.

BKV (NYSE:BKV) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.16 by $0.34. BKV had a return on equity of 6.91% and a net margin of 5.67%.The business had revenue of $277.86 million during the quarter, compared to analyst estimates of $234.36 million. On average, analysts predict that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at BKV

In related news, insider Lindsay B. Larrick sold 6,518 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $25.00, for a total value of $162,950.00. Following the completion of the sale, the insider directly owned 137,154 shares of the company’s stock, valued at $3,428,850. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 54,187 shares of company stock valued at $1,311,375. 4.11% of the stock is currently owned by corporate insiders.

Institutional Trading of BKV

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings 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 buying an additional 6,209 shares during the last quarter. Quantbot Technologies LP purchased a new stake in BKV in the first quarter valued at approximately $1,605,000. Geode Capital Management LLC increased its holdings in BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 37.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of BKV in the second quarter worth $8,215,000.

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.