Shares of BKV Corporation (NYSE:BKV – Get Free Report) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $33.6250.
BKV has been the subject of a number of recent research reports. Citigroup lowered their price objective on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Truist Financial decreased their target price on shares of BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price objective on shares of BKV in a report on Friday. Finally, Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th.
Insider Transactions at BKV
Institutional Trading of BKV
Large investors have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC raised 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 worth $59,984,000 after purchasing an additional 416,281 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BKV by 40.4% during the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares during the period. Bank of New York Mellon Corp increased its position in shares of BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after buying an additional 62,485 shares during the period. SG Americas Securities LLC bought a new position in BKV in the fourth quarter worth about $1,509,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after buying an additional 1,455 shares in the last quarter.
BKV Stock Down 0.9%
BKV stock opened at $25.55 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $26.76 and its 200 day moving average is $28.01. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 7.74 and a beta of 1.03. BKV has a 1-year low of $19.56 and a 1-year high of $32.81.
BKV (NYSE:BKV – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The company had revenue of $432.85 million during the quarter, compared to analysts’ expectations of $337.63 million. Sell-side analysts predict that BKV will post 2.07 EPS for the current fiscal year.
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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.
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