BKV Corporation (NYSE:BKV) Receives $34.13 Average Price Target from Analysts

BKV Corporation (NYSE:BKV) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $34.1250.

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. KeyCorp raised their price target on shares of BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Citigroup lowered their price target on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th.

BKV Stock Up 0.2%

Shares of BKV stock opened at $24.59 on Friday. 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 has a 1 year low of $19.56 and a 1 year high of $32.81. The firm’s 50-day moving average is $27.52 and its two-hundred day moving average is $28.16. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 7.45 and a beta of 1.05.

BKV (NYSE:BKV) last issued its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.64 million. As a group, research analysts expect that BKV will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at BKV

In other news, CFO David Tameron sold 7,300 shares of the firm’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer directly owned 61,925 shares in the company, valued at approximately $1,839,791.75. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the sale, the insider owned 227,843 shares in the company, valued at $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,300 shares of company stock worth $1,663,133 over the last 90 days. Company insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

A number of institutional investors have recently modified their holdings of BKV. Cooper Creek Partners Management LLC boosted its holdings in shares of BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after buying an additional 62,485 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of BKV in the 4th quarter valued at about $1,509,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the 4th quarter valued at approximately $52,000.

BKV Company Profile

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.