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

Shares of BKV Corporation (NYSE:BKV) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.8571.

A number of equities analysts recently commented on BKV shares. Susquehanna upped their target price on BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 target price on shares of BKV in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and set a $32.00 target price on shares of BKV in a research note on Thursday. Finally, Barclays assumed coverage on shares of BKV in a research note on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target for the company.

Institutional Investors Weigh In On BKV

Several hedge funds have recently made changes to their positions in the company. Cooper Creek Partners Management LLC purchased a new stake in BKV in the second quarter worth $8,215,000. SG Americas Securities LLC bought a new stake in shares of BKV during the 4th quarter valued at $1,509,000. Geode Capital Management LLC grew its position in shares of BKV by 13.9% in the 2nd 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. Strs Ohio purchased a new stake in shares of BKV in the 3rd quarter worth about $278,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 37.9% in the 2nd 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 in the last quarter.

BKV Stock Performance

BKV stock opened at $30.33 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.94 billion, a P/E ratio of 58.33 and a beta of 1.60. BKV has a 1-year low of $15.00 and a 1-year high of $30.83. The firm has a 50-day moving average of $27.56 and a 200-day moving average of $24.42.

BKV (NYSE:BKV) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.34. BKV had a return on equity of 6.91% and a net margin of 5.67%.The company had revenue of $199.23 million for the quarter, compared to the consensus estimate of $234.36 million. Sell-side analysts expect that BKV will post -1.82 EPS for the current year.

BKV declared that its board has authorized 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 buy up to 3.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.