BKV (NYSE:BKV) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of BKV (NYSE:BKV) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks.com reports.

Other analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Barclays assumed coverage on shares of BKV in a research report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 target price for the company. Susquehanna boosted their price target on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 price target on shares of BKV in a research note on Thursday, February 5th. Finally, Roth Mkm reissued a “buy” rating and set a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.86.

BKV Price Performance

Shares of NYSE:BKV opened at $31.28 on Thursday. The company’s fifty day moving average is $28.39 and its two-hundred day moving average is $25.47. The company has a market cap of $3.03 billion, a P/E ratio of 16.04 and a beta of 1.60. BKV has a 12-month low of $15.00 and a 12-month high of $31.74. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.27.

BKV (NYSE:BKV) last issued its earnings results 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 analyst estimates of $268.05 million. BKV had a return on equity of 8.43% and a net margin of 17.16%. Equities analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

BKV announced that its Board of Directors has authorized a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On BKV

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKV. SBI Okasan Asset Management Co.Ltd. acquired a new position in BKV during the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey grew its stake in 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 valued at $102,000 after buying an additional 1,166 shares during the last quarter. Strs Ohio acquired a new position in BKV in the 3rd quarter valued at $278,000. SG Americas Securities LLC bought a new position in BKV in the 4th quarter worth $1,509,000. Finally, Cooper Creek Partners Management LLC acquired a new position in BKV during the 2nd quarter worth $8,215,000.

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.