BKV (NYSE:BKV) Upgraded at Zacks Research

Zacks Research upgraded shares of BKV (NYSE:BKV) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on BKV. Susquehanna boosted their price target on shares of BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BKV in a report on Monday, December 1st. KeyCorp raised their target price on shares of BKV from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Mizuho upped their price target on BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Barclays initiated coverage on BKV in a report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $30.67.

BKV Stock Up 1.0%

NYSE BKV opened at $28.96 on Thursday. The business has a fifty day moving average price of $24.27 and a 200 day moving average price of $22.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market cap of $2.61 billion, a P/E ratio of 55.68 and a beta of 1.57. BKV has a one year low of $15.00 and a one year high of $29.65.

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

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 6,518 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $25.00, for a total transaction of $162,950.00. Following the completion of the sale, the insider owned 137,154 shares in the company, valued at $3,428,850. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have 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

Several hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of BKV by 37.9% during the 2nd 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 period. Strs Ohio acquired a new position in BKV in the third quarter valued at about $278,000. Quantbot Technologies LP purchased a new position in BKV during the first quarter worth about $1,605,000. Cooper Creek Partners Management LLC purchased a new position in BKV during the second quarter worth about $8,215,000. Finally, Geode Capital Management LLC increased its position in shares of BKV by 13.9% during the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after acquiring an additional 45,989 shares during the last quarter.

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.