KeyCorp Forecasts Strong Price Appreciation for BKV (NYSE:BKV) Stock

BKV (NYSE:BKV) had its price target boosted by research analysts at KeyCorp from $25.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 13.02% from the stock’s current price.

Several other equities research analysts have also recently weighed in on BKV. Weiss Ratings reissued a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Mizuho lifted their target price on BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Susquehanna increased their price target on BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, BKV has an average rating of “Moderate Buy” and an average target price of $30.33.

BKV Trading Down 2.4%

Shares of BKV opened at $26.54 on Tuesday. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.85. The company’s fifty day moving average is $22.63 and its 200 day moving average is $22.07. The stock has a market capitalization of $2.25 billion, a PE ratio of 51.05 and a beta of 1.70.

BKV (NYSE:BKV) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.34. The business had revenue of $277.86 million during the quarter, compared to analysts’ expectations of $234.36 million. BKV had a net margin of 5.67% and a return on equity of 6.91%. Sell-side analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 22,669 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $566,725.00. Following the sale, the insider owned 143,672 shares in the company, valued at $3,591,800. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 54,187 shares of company stock valued at $1,311,375. Corporate insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted 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 valued at $9,076,000 after buying an additional 45,989 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in BKV in the 2nd quarter worth about $8,215,000. Quantbot Technologies LP purchased a new position in shares of BKV during the first quarter worth approximately $1,605,000. Bank of New York Mellon Corp increased its position in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after acquiring an additional 6,209 shares during the period. Finally, Strs Ohio bought a new stake in shares of BKV during the third quarter valued at approximately $278,000.

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.