Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $30.67

Shares of BKV Corporation (NYSE:BKV) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.6667.

A number of equities research analysts have recently weighed in on BKV shares. KeyCorp lifted their price target on shares of BKV from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BKV in a report on Monday. Mizuho upped their target price on BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Barclays began coverage on BKV in a research report on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price target on the stock. Finally, Susquehanna boosted their price target on BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th.

BKV Stock Up 3.4%

BKV stock opened at $26.39 on Tuesday. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $28.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 50.76 and a beta of 1.70. The business’s fifty day moving average price is $23.61 and its two-hundred day moving average price is $22.64.

BKV (NYSE:BKV) last released its quarterly earnings results on Monday, November 10th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.16 by $0.34. BKV had a net margin of 5.67% and a return on equity of 6.91%. The business had revenue of $199.23 million for the quarter, compared to the consensus estimate of $234.36 million. On average, equities analysts anticipate that BKV will post -1.82 earnings per share for the current year.

Insider Activity

In other news, insider Lindsay B. Larrick sold 22,669 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total transaction of $566,725.00. Following the sale, the insider directly owned 143,672 shares in the company, valued at approximately $3,591,800. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 54,187 shares of company stock worth $1,311,375 in the last three months. 4.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BKV. Bank of New York Mellon Corp grew its holdings in BKV by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after acquiring an additional 6,209 shares during the period. Quantbot Technologies LP bought a new stake in BKV in the first quarter worth approximately $1,605,000. Geode Capital Management LLC boosted its holdings in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of BKV during the 2nd quarter valued at $8,215,000.

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.