BKV Corporation (NYSE:BKV) Given Consensus Recommendation of “Buy” by Brokerages

BKV Corporation (NYSE:BKV) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $28.00.

A number of equities analysts have recently weighed in on BKV shares. KeyCorp lowered their price target on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Barclays increased their target price on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Mizuho upped their price objective on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Truist Financial dropped their target price on shares of BKV from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 17th.

Insider Transactions at BKV

In other news, insider Lindsay B. Larrick sold 15,000 shares of BKV stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the transaction, the insider now owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of BKV

Several hedge funds have recently added to or reduced their stakes in BKV. California State Teachers Retirement System purchased a new stake in shares of BKV in the 4th quarter valued at approximately $26,000. SG Americas Securities LLC purchased a new position in BKV in the fourth quarter valued at $157,000. Corebridge Financial Inc. acquired a new stake in BKV in the fourth quarter valued at $170,000. Bank of New York Mellon Corp purchased a new stake in BKV during the 4th quarter worth about $695,000. Finally, Geode Capital Management LLC acquired a new position in shares of BKV during the 4th quarter worth about $7,728,000.

BKV Trading Down 0.3 %

NYSE:BKV opened at $20.93 on Thursday. The company has a 50-day moving average price of $22.54. BKV has a 1-year low of $17.39 and a 1-year high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. Equities analysts expect that BKV will post -1.82 EPS for the current fiscal year.

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.