BKV (NYSE:BKV) Upgraded at Wall Street Zen

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

A number of other research analysts also recently weighed in on the company. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Truist Financial lowered their price target on BKV from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $34.00 target price on shares of BKV in a research note on Friday, July 10th. Finally, Susquehanna reduced their price target on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, BKV currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

BKV Trading Up 4.8%

BKV opened at $25.64 on Friday. The firm has a 50 day simple moving average of $25.51 and a 200 day simple moving average of $27.78. BKV has a fifty-two week low of $19.80 and a fifty-two week high of $32.81. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 9.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.68%. The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. On average, sell-side analysts anticipate that BKV will post 1.49 earnings per share for the current year.

Insider Transactions at BKV

In other news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the sale, the insider directly owned 227,843 shares of the company’s stock, valued at $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV during the fourth quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after purchasing an additional 1,455 shares during the last quarter. IMC Chicago LLC boosted its stake in BKV by 100.0% in the 2nd quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock valued at $662,000 after purchasing an additional 12,105 shares during the period. Deutsche Bank AG bought a new stake in BKV in the 2nd quarter valued at $909,000. Finally, Oxbow Advisors LLC acquired a new position in BKV in the 2nd quarter valued at $3,701,000.

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.