BKV (NYSE:BKV) Stock Gets Price Target Reduction from Truist Financial

BKV (NYSE:BKV) had its target price decreased by Truist Financial from $34.00 to $31.00 in a research report sent to investors on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms have also commented on BKV. Raymond James Financial set a $29.00 price objective on BKV in a research report on Tuesday, September 15th. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 17th. Zacks Research downgraded shares of BKV from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Weiss Ratings lowered shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, Barclays cut their price objective on shares of BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

BKV Price Performance

NYSE:BKV opened at $19.26 on Monday. The firm’s fifty day moving average is $22.28 and its two-hundred day moving average is $26.20. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 9.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.18 and a current ratio of 3.25. BKV has a one year low of $17.47 and a one year high of $32.81.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The company had revenue of $478.37 million for the quarter, compared to analysts’ expectations of $395.18 million. BKV had a net margin of 12.87% and a return on equity of 6.12%. Research analysts expect that BKV will post 1.37 EPS for the current year.

Insider Buying and Selling

In related news, SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.73, for a total value of $318,460.21. Following the transaction, the senior vice president directly owned 84,276 shares of the company’s stock, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of BKV stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the completion of the sale, the insider owned 83,925 shares in the company, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,578 shares of company stock worth $1,005,136 in the last 90 days. Insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On BKV

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd increased its holdings in shares of BKV by 36.4% in the third quarter. Covestor Ltd now owns 3,454 shares of the company’s stock valued at $74,000 after purchasing an additional 921 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in BKV by 23.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock valued at $88,000 after buying an additional 782 shares in the last quarter. PEAK6 LLC purchased a new stake in BKV in the 2nd quarter valued at $270,000. Arizona State Retirement System acquired a new stake in shares of BKV in the 2nd quarter worth $289,000. Finally, Jupiter Topco LLC acquired a new stake in shares of BKV in the 2nd quarter worth $446,000.

About BKV

BKV Corporation is a U.S. energy company focused on natural gas production and related businesses. It operates in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania, producing natural gas for sale to customers and markets across the region. The company has expanded beyond production into natural gas gathering and processing, natural gas-fired power generation, and carbon capture and sequestration. These activities connect its gas operations with energy delivery and projects intended to reduce emissions.