BKV (NYSE:BKV) Rating Lowered to “Sell” at Wall Street Zen

BKV (NYSE:BKV) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms have also issued reports on BKV. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 price target on shares of BKV in a research report on Thursday, February 5th. Zacks Research cut shares of BKV from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Mizuho boosted their price target on shares of BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Citigroup reissued a “buy” rating and issued a $36.00 price objective on shares of BKV in a research report on Tuesday, March 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BKV presently has an average rating of “Moderate Buy” and an average price target of $32.71.

BKV Price Performance

BKV stock opened at $29.10 on Friday. The business’s fifty day moving average price is $29.19 and its 200 day moving average price is $26.22. BKV has a 12-month low of $15.00 and a 12-month high of $32.81. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.18 billion, a PE ratio of 14.92 and a beta of 1.54.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. BKV had a net margin of 17.16% and a return on equity of 7.91%. On average, sell-side analysts anticipate that BKV will post -1.82 EPS for the current year.

BKV declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 18th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in BKV by 13.9% during the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of 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. Cooper Creek Partners Management LLC acquired a new stake in shares of BKV in the second quarter valued at approximately $8,215,000. Strs Ohio purchased a new position in shares of BKV during the third quarter worth approximately $278,000. Finally, SG Americas Securities LLC purchased a new position in shares of BKV during the fourth quarter worth approximately $1,509,000.

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