BKV (NYSE:BKV – Free Report) had its target price boosted by Truist Financial from $33.00 to $34.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Susquehanna dropped their price target on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Barclays decreased their price objective on shares of BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of BKV from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Raymond James Financial set a $29.00 price objective on shares of BKV in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BKV currently has a consensus rating of “Buy” and a consensus price target of $33.67.
BKV Stock Performance
Shares of BKV stock opened at $22.88 on Wednesday. The stock has a market cap of $2.50 billion, a P/E ratio of 8.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The company has a fifty day moving average price of $24.11 and a two-hundred day moving average price of $25.87. BKV has a one year low of $20.08 and a one year high of $32.81.
BKV (NYSE:BKV – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. As a group, equities analysts predict that BKV will post 1.49 EPS for the current year.
Insiders Place Their Bets
In other news, CFO David Tameron sold 4,321 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the completion of the sale, the chief financial officer owned 58,524 shares of the company’s stock, valued at approximately $1,554,397.44. The trade was a 6.88% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the completion of the sale, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. The trade was a 10.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,626 shares of company stock worth $901,589 in the last 90 days. Company insiders own 2.51% of the company’s stock.
Hedge Funds Weigh In On BKV
A number of hedge funds have recently bought and sold shares of BKV. TD Waterhouse Canada Inc. acquired a new stake in BKV in the 3rd quarter worth about $1,227,000. State of Alaska Department of Revenue grew its position in shares of BKV by 23.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock worth $88,000 after purchasing an additional 782 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of BKV by 87.7% during the 2nd quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock worth $8,248,000 after purchasing an additional 140,835 shares in the last quarter. Arizona State Retirement System bought a new position in shares of BKV during the second quarter worth approximately $289,000. Finally, HighTower Advisors LLC bought a new position in shares of BKV during the second quarter worth approximately $677,000.
About BKV
BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.
BKV’s activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.
Based in Denver, Colorado, BKV serves U.S.
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