Susquehanna Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its target price lifted by Susquehanna from $32.00 to $33.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

BKV has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Mizuho raised their target price on shares of BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BKV has an average rating of “Moderate Buy” and an average target price of $30.33.

BKV Stock Performance

Shares of BKV opened at $27.22 on Tuesday. BKV has a one year low of $15.00 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52. The company has a market cap of $2.31 billion, a PE ratio of 52.35 and a beta of 1.70. The firm has a 50-day moving average of $22.55 and a 200-day moving average of $22.03.

BKV (NYSE:BKV) last released its quarterly earnings data on Monday, November 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.34. BKV had a return on equity of 7.19% and a net margin of 5.67%.The firm had revenue of $277.86 million for the quarter, compared to analyst estimates of $234.36 million. As a group, equities analysts forecast that BKV will post -1.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Lindsay B. Larrick sold 6,518 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $25.00, for a total transaction of $162,950.00. Following the transaction, the insider owned 137,154 shares of the company’s stock, valued at $3,428,850. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 54,187 shares of company stock valued at $1,311,375 over the last ninety days. Insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its stake 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 valued at $102,000 after acquiring an additional 1,166 shares during the period. Strs Ohio bought a new position in shares of BKV in the 3rd quarter worth $278,000. Bank of New York Mellon Corp lifted its holdings in shares of BKV by 21.2% in the 1st 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 in the last quarter. Quantbot Technologies LP acquired a new stake in BKV in the 1st quarter valued at $1,605,000. Finally, Cooper Creek Partners Management LLC bought a new stake in BKV during the 2nd quarter valued at $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.