BKV (NYSE:BKV) Upgraded at Truist Financial

Truist Financial upgraded shares of BKV (NYSE:BKV) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

BKV has been the topic of several other research reports. Zacks Research lowered BKV from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Citigroup reissued a “buy” rating and issued a $36.00 price objective on shares of BKV in a report on Tuesday, March 10th. KeyCorp restated an “overweight” rating and set a $34.00 price objective on shares of BKV in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of BKV from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.25.

BKV Trading Up 2.1%

BKV stock opened at $30.03 on Monday. The company’s 50-day simple moving average is $29.40 and its 200-day simple moving average is $26.39. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. BKV has a 52-week low of $15.00 and a 52-week high of $32.81. The firm has a market cap of $3.28 billion, a P/E ratio of 15.40 and a beta of 1.54.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). BKV had a net margin of 17.16% and a return on equity of 7.91%. The business had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. As a group, equities analysts forecast that BKV will post -1.82 EPS for the current fiscal year.

BKV declared that its Board of Directors has approved a stock repurchase program on Thursday, December 18th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On BKV

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the 4th quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey increased 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 worth $102,000 after buying an additional 1,166 shares during the period. Strs Ohio purchased a new stake in shares of BKV during the third quarter worth approximately $278,000. SG Americas Securities LLC acquired a new stake in BKV in the fourth quarter valued at approximately $1,509,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in BKV in the second quarter valued at approximately $8,215,000.

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.