BKV (NYSE:BKV) Price Target Lowered to $30.00 at Mizuho

BKV (NYSE:BKV) had its target price reduced by Mizuho from $35.00 to $30.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on BKV. Evercore ISI lifted their price target on shares of BKV from $20.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Barclays lifted their price target on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $27.88.

BKV Stock Performance

BKV stock opened at $21.69 on Monday. The company has a 50 day moving average price of $21.61 and a 200-day moving average price of $20.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.56. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $26.78. The company has a market capitalization of $1.84 billion and a PE ratio of -108.47.

BKV (NYSE:BKV) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.24. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. The firm had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. As a group, equities analysts forecast that BKV will post -1.82 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $21.62, for a total value of $216,200.00. Following the completion of the transaction, the insider owned 200,528 shares of the company’s stock, valued at $4,335,415.36. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 20,100 shares of company stock valued at $449,870 over the last ninety days. Insiders own 4.11% of the company’s stock.

Hedge Funds Weigh In On BKV

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System bought a new position in BKV in the fourth quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey grew its holdings in BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after purchasing an additional 1,166 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 purchasing an additional 6,209 shares during the last quarter. Quantbot Technologies LP purchased a new position in BKV in the first quarter worth $1,605,000. Finally, Cooper Creek Partners Management LLC purchased a new position in BKV in the second quarter worth $8,215,000.

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.