BKV (NYSE:BKV) Upgraded at Zacks Research

Zacks Research upgraded shares of BKV (NYSE:BKV) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Jefferies Financial Group decreased their price target on shares of BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price target on shares of BKV in a report on Thursday, February 5th. Citigroup reaffirmed a “buy” rating and issued a $36.00 price target on shares of BKV in a report on Tuesday, March 10th. Finally, Wall Street Zen raised shares of BKV from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, BKV presently has a consensus rating of “Moderate Buy” and an average target price of $33.56.

BKV Trading Up 1.2%

BKV stock opened at $27.64 on Thursday. The stock has a market cap of $3.02 billion, a P/E ratio of 14.17 and a beta of 1.64. BKV has a fifty-two week low of $16.77 and a fifty-two week high of $32.81. The firm’s fifty day moving average price is $29.27 and its 200-day moving average price is $27.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78.

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

Insider Transactions at BKV

In other news, CFO David Tameron sold 7,300 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV during the 4th quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey raised its position in BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during the last quarter. Strs Ohio bought a new position in BKV during the 3rd quarter valued at approximately $278,000. SG Americas Securities LLC bought a new position in BKV during the 4th quarter valued at approximately $1,509,000. Finally, Cooper Creek Partners Management LLC raised its position in BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after purchasing an additional 121,082 shares during the last quarter.

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.