BKV (NYSE:BKV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BKV (NYSE:BKV) from a sell rating to a hold rating in a research note released on Sunday.

Several other equities analysts have also issued reports on the company. Truist Financial initiated coverage on BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 target price for the company. Roth Mkm reissued a “buy” rating and issued a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. Mizuho upped their price objective on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $34.00 target price on shares of BKV in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BKV presently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

BKV Stock Down 2.6%

BKV stock opened at $28.52 on Friday. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $32.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The firm’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $26.63. The stock has a market cap of $3.12 billion, a PE ratio of 14.63 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 the consensus estimate of $0.37 by ($0.08). BKV had a net margin of 17.16% and a return on equity of 7.91%. The firm had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. Research analysts predict that BKV will post -1.82 EPS for the current fiscal year.

BKV announced that its Board of Directors has initiated a share buyback plan on Thursday, December 18th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other BKV 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 transaction, the chief financial officer owned 61,925 shares in the company, valued at $1,839,791.75. This trade represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.12% of the stock is currently owned by company insiders.

Institutional Trading of BKV

Several hedge funds and other institutional investors have recently modified their holdings of BKV. Geode Capital Management LLC lifted its stake in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after buying an additional 45,989 shares in the last quarter. 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 in the last quarter. Cooper Creek Partners Management LLC purchased a new position in BKV in the 2nd quarter valued at approximately $8,215,000. Strs Ohio bought a new stake in BKV during the 3rd quarter valued at $278,000. Finally, SG Americas Securities LLC bought a new stake in BKV during the 4th quarter valued at $1,509,000.

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.