BKV Corporation (NYSE:BKV) Receives Consensus Rating of “Moderate Buy” from Analysts

BKV Corporation (NYSE:BKV) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.6667.

Several research analysts have recently commented on the company. Barclays initiated coverage on BKV in a research note on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price objective on the stock. Mizuho increased their target price on shares of BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings upgraded shares of BKV from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, November 17th. Susquehanna lifted their price target on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Finally, KeyCorp upped their price target on shares of BKV from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th.

Insiders Place Their Bets

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 completion of the sale, the insider owned 143,672 shares in the company, valued at approximately $3,591,800. This represents a 13.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 54,187 shares of company stock valued at $1,311,375. Corporate insiders own 4.11% of the company’s stock.

Hedge Funds Weigh In On BKV

A number of hedge funds have recently made changes to their positions in the business. Cooper Creek Partners Management LLC raised its stake in BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after purchasing an additional 121,082 shares during the period. Geode Capital Management LLC boosted its stake in BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after purchasing an additional 45,989 shares during the period. Quantbot Technologies LP purchased a new stake in BKV during the 1st quarter valued at approximately $1,605,000. Bank of New York Mellon Corp raised 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 valued at $745,000 after buying an additional 6,209 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of BKV during the third quarter valued at approximately $278,000.

BKV Trading Down 0.4%

Shares of BKV stock opened at $25.87 on Tuesday. BKV has a 1-year low of $15.00 and a 1-year high of $28.35. The company’s fifty day simple moving average is $23.37 and its 200-day simple moving average is $22.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market capitalization of $2.33 billion, a PE ratio of 49.75 and a beta of 1.70.

BKV (NYSE:BKV) last announced its earnings results on Monday, November 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.34. The company had revenue of $199.23 million for the quarter, compared to analysts’ expectations of $234.36 million. BKV had a return on equity of 6.91% and a net margin of 5.67%. As a group, equities analysts anticipate that BKV will post -1.82 earnings per share for the current year.

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.