BKV (NYSE:BKV) Upgraded to Hold at Zacks Research

BKV (NYSE:BKV) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently weighed in on BKV. Citigroup lowered their price target on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Wall Street Zen downgraded BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. KeyCorp boosted their target price on BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group cut their price target on BKV from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.13.

BKV Stock Performance

Shares of BKV stock opened at $24.24 on Monday. The company has a fifty day moving average price of $27.72 and a two-hundred day moving average price of $28.22. BKV has a one year low of $19.56 and a one year high of $32.81. The stock has a market cap of $2.65 billion, a P/E ratio of 7.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The firm had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.64 million. As a group, equities analysts predict that BKV will post 1.5 EPS for the current year.

Insider Activity at BKV

In other BKV news, CFO David Tameron sold 7,300 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the transaction, the insider directly owned 227,843 shares in the company, valued at $6,126,698.27. The trade was a 9.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,300 shares of company stock valued at $1,663,133 over the last 90 days. Company insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC lifted its holdings in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of BKV in the fourth quarter valued at about $1,509,000. Geode Capital Management LLC grew its stake in shares of BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after acquiring an additional 160,171 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV during the fourth quarter worth about $52,000. Finally, Police & Firemen s Retirement System of New Jersey increased its position in BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares during the period.

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.