BKV (NYSE:BKV) Earns “Buy” Rating from Citigroup

BKV (NYSE:BKV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup in a report released on Tuesday, MarketBeat.com reports. They currently have a $36.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 25.72% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Mizuho lifted their price target on BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Zacks Research downgraded shares of BKV from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Barclays started coverage on shares of BKV in a research note on Thursday, November 13th. They set an “overweight” rating and a $32.00 price objective for the company. Finally, Susquehanna lifted their target price on shares of BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.38.

BKV Stock Performance

Shares of NYSE:BKV opened at $28.64 on Tuesday. The company has a 50-day moving average price of $28.88 and a 200-day moving average price of $25.96. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 14.69 and a beta of 1.54. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. BKV has a 12 month low of $15.00 and a 12 month high of $32.81.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The company had revenue of $259.91 million for the quarter, compared to the consensus estimate of $268.05 million. BKV had a net margin of 17.16% and a return on equity of 7.91%. As a group, equities analysts anticipate that BKV will post -1.82 EPS for the current year.

BKV announced that its board has initiated a stock buyback plan on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of BKV

Several institutional investors and hedge funds have recently modified their holdings of BKV. Cooper Creek Partners Management LLC purchased a new position in shares of BKV in the second quarter worth $8,215,000. Geode Capital Management LLC boosted its position in shares of BKV by 40.4% during the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after acquiring an additional 160,171 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BKV during the fourth quarter worth $1,509,000. Strs Ohio purchased a new position in BKV during the third quarter valued at $278,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in BKV in the 4th quarter valued at $52,000.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.