BKV Corporation (NYSE:BKV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BKV Corporation (NYSE:BKV) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.8571.

A number of brokerages have issued reports on BKV. Zacks Research lowered shares of BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Barclays began coverage on BKV in a research report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Mizuho increased their price objective on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, KeyCorp restated an “overweight” rating and issued a $34.00 price objective on shares of BKV in a research note on Thursday, February 5th.

BKV Stock Up 0.5%

Shares of BKV stock opened at $31.49 on Thursday. The stock’s fifty day moving average price is $28.63 and its 200 day moving average price is $25.68. BKV has a 1-year low of $15.00 and a 1-year high of $32.81. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 16.15 and a beta of 1.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83.

BKV (NYSE:BKV) last issued 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). The business had revenue of $259.91 million for the quarter, compared to analysts’ expectations of $268.05 million. BKV had a return on equity of 8.43% and a net margin of 17.16%. On average, research analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

BKV announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of BKV

A number of hedge funds and other institutional investors have recently made changes to their positions in BKV. Cooper Creek Partners Management LLC purchased a new stake in BKV in the second quarter valued at $8,215,000. Geode Capital Management LLC lifted its holdings in shares of BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BKV in the fourth quarter worth about $1,509,000. Strs Ohio acquired a new stake in BKV during the third quarter worth about $278,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV during the fourth quarter valued at approximately $52,000.

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.