BKV Corporation (NYSE:BKV) Receives $31.14 Average PT from Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.1429.

A number of equities analysts recently commented on BKV shares. Barclays began coverage on shares of BKV in a research note on Thursday, November 13th. They set an “overweight” rating and a $32.00 price target for the company. Mizuho boosted their target price on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and set a $30.00 target price on shares of BKV in a research note on Friday, December 19th. Susquehanna raised their price target on BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Finally, Roth Capital started coverage on BKV in a report on Wednesday, January 7th. They set a “buy” rating and a $31.00 price objective for the company.

Insider Activity at BKV

In other news, insider Lindsay B. Larrick sold 22,669 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $566,725.00. Following the transaction, the insider directly owned 143,672 shares of the company’s stock, valued at approximately $3,591,800. This trade represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 39,187 shares of company stock worth $963,375 over the last 90 days. Company insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after buying an additional 1,166 shares during the period. Strs Ohio bought a new stake in shares of BKV in the third quarter valued at about $278,000. SG Americas Securities LLC purchased a new stake in BKV in the fourth quarter worth about $1,509,000. Cooper Creek Partners Management LLC bought a new position in BKV during the 2nd quarter worth about $8,215,000. Finally, Geode Capital Management LLC grew its holdings in BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after acquiring an additional 45,989 shares in the last quarter.

BKV Stock Performance

NYSE BKV opened at $27.11 on Wednesday. The business’s 50 day moving average price is $26.96 and its 200-day moving average price is $23.80. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $29.65. The company has a market cap of $2.63 billion, a P/E ratio of 52.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.85.

BKV (NYSE:BKV) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.16 by $0.34. BKV had a net margin of 5.67% and a return on equity of 6.91%. The company had revenue of $199.23 million during the quarter, compared to analyst estimates of $234.36 million. Sell-side analysts predict that BKV will post -1.82 earnings per share for the current year.

BKV announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.