BKV (NYSE:BKV) Now Covered by Truist Financial

Truist Financial began coverage on shares of BKV (NYSE:BKV) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $37.00 target price on the stock.

Several other research firms have also issued reports on BKV. 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 lowered shares of BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Roth Mkm reiterated a “buy” rating and issued a $32.00 target price on shares of BKV in a research note on Thursday, February 5th. Finally, Wall Street Zen cut shares of BKV from a “hold” rating to a “sell” rating in a report on Saturday. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

BKV Stock Up 1.6%

BKV stock opened at $29.35 on Tuesday. BKV has a twelve month low of $15.00 and a twelve month high of $32.81. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.21 billion, a PE ratio of 15.05 and a beta of 1.54. The business has a 50 day moving average of $29.31 and a 200 day moving average of $26.36.

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

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

Hedge Funds Weigh In On BKV

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake 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 acquiring an additional 45,989 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake 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 worth $102,000 after acquiring an additional 1,166 shares during the period. Cooper Creek Partners Management LLC purchased a new position in shares of BKV during the second quarter valued at approximately $8,215,000. Strs Ohio purchased a new position in shares of BKV during the third quarter valued at approximately $278,000. Finally, SG Americas Securities LLC bought a new position in BKV during the fourth quarter valued at 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.