Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $34.25

Shares of BKV Corporation (NYSE:BKV) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.25.

Several analysts have weighed in on BKV shares. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Tuesday, July 21st. Citigroup reduced their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Weiss Ratings restated a “hold (c+)” rating on shares of BKV in a research report on Monday, August 24th. Truist Financial dropped their price target on BKV from $34.00 to $33.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th.

BKV Price Performance

Shares of BKV stock opened at $24.06 on Thursday. The stock’s fifty day simple moving average is $25.52 and its 200 day simple moving average is $27.44. BKV has a one year low of $20.08 and a one year high of $32.81. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 8.78 and a beta of 1.08. 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 posted its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. On average, analysts expect that BKV will post 1.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.73, for a total value of $318,460.21. Following the completion of the sale, the senior vice president directly owned 84,276 shares in the company, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of BKV stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the transaction, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at $1,461,525.12. This represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 53,198 shares of company stock valued at $1,405,521. 2.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BKV

A number of large investors have recently modified their holdings of BKV. BlackRock Inc. bought a new stake in shares of BKV during the second quarter valued at approximately $74,241,000. Cooper Creek Partners Management LLC raised its position in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after purchasing an additional 416,281 shares during the last quarter. William Blair Investment Management LLC bought a new position in BKV in the 2nd quarter worth approximately $32,689,000. California State Teachers Retirement System lifted its holdings in BKV by 7,331.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,190,680 shares of the company’s stock worth $32,577,000 after buying an additional 1,174,658 shares in the last quarter. Finally, Value Aligned Research Advisors LLC lifted its holdings in BKV by 110.5% during the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock worth $18,602,000 after buying an additional 356,848 shares in the last quarter.

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.