BKV Corporation (NYSE:BKV – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.5556.
A number of equities analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating and set a $36.00 price target on shares of BKV in a research report on Tuesday, March 10th. Jefferies Financial Group reduced their price target on BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised BKV from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target on shares of BKV in a research report on Thursday, February 5th. Finally, KeyCorp upped their price target on BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd.
Check Out Our Latest Research Report on BKV
BKV Stock Performance
BKV (NYSE:BKV – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). The business had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.64 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. Analysts expect that BKV will post 1.46 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO David Tameron sold 7,300 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the transaction, the chief financial officer owned 61,925 shares in the company, valued at $1,839,791.75. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $30.96, for a total value of $774,000.00. Following the completion of the transaction, the insider owned 252,843 shares of the company’s stock, valued at $7,828,019.28. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.51% of the company’s stock.
Hedge Funds Weigh In On BKV
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in BKV in the 4th quarter worth $1,509,000. Strs Ohio purchased a new position in BKV in the 3rd quarter worth $278,000. Geode Capital Management LLC raised its stake in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after acquiring an additional 160,171 shares during the last quarter. Cooper Creek Partners Management LLC raised its stake in BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares during the last quarter.
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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.
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