BKV Corporation (NYSE:BKV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BKV Corporation (NYSE:BKV) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.25.

BKV has been the topic of a number of recent research reports. Roth Mkm restated a “buy” rating and set a $32.00 price objective on shares of BKV in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. KeyCorp reissued an “overweight” rating and set a $34.00 price target on shares of BKV in a research report on Thursday, February 5th. Truist Financial assumed coverage on BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $36.00 price objective on shares of BKV in a research report on Tuesday, March 10th.

Insider Buying and Selling at BKV

In related news, CFO David Tameron sold 7,300 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $29.71, for a total transaction of $216,883.00. Following the completion of the sale, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at approximately $1,839,791.75. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On BKV

A number of institutional investors have recently added to or reduced their stakes in BKV. Police & Firemen s Retirement System of New Jersey grew its stake in shares of BKV by 37.9% during 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 in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV in the fourth quarter worth about $52,000. Strs Ohio acquired a new position in shares of BKV in the third quarter worth about $278,000. Geode Capital Management LLC boosted its holdings in BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after purchasing an additional 45,989 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in BKV in the fourth quarter valued at about $1,509,000.

BKV Stock Performance

Shares of BKV stock opened at $29.90 on Monday. 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 cap of $3.27 billion, a PE ratio of 15.33 and a beta of 1.53. The company’s fifty day simple moving average is $29.55 and its 200-day simple moving average is $26.53. BKV has a 52 week low of $15.00 and a 52 week high of $32.81.

BKV (NYSE:BKV) last announced its quarterly 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). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to analysts’ expectations of $268.05 million. As a group, equities research analysts anticipate that BKV will post -1.82 EPS for the current year.

BKV declared that its board has approved a share 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 repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.