Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $31.17

BKV Corporation (NYSE:BKV) has received a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $31.1667.

Several equities analysts have issued reports on BKV shares. Barclays assumed coverage on shares of BKV in a report on Thursday, November 13th. They set an “overweight” rating and a $32.00 price objective on the stock. KeyCorp restated an “overweight” rating and set a $30.00 price target on shares of BKV in a research report on Friday, December 19th. Susquehanna lifted their price objective on BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BKV in a research note on Monday, December 15th. Finally, Zacks Research upgraded BKV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th.

Insider Transactions at BKV

In other news, insider Lindsay B. Larrick sold 6,518 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $25.00, for a total transaction of $162,950.00. Following the completion of the sale, the insider owned 137,154 shares of the company’s stock, valued at $3,428,850. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 54,187 shares of company stock worth $1,311,375. Insiders own 4.11% of the company’s stock.

Institutional Trading of BKV

Large investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of BKV by 37.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after purchasing an additional 1,166 shares during the last quarter. Strs Ohio acquired a new position in BKV during the third quarter worth $278,000. Geode Capital Management LLC grew its holdings in BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after buying an additional 45,989 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of BKV in the 1st quarter worth $1,605,000. Finally, Cooper Creek Partners Management LLC raised its holdings in shares of BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares during the period.

BKV Stock Down 0.4%

Shares of BKV opened at $27.26 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.64 billion, a P/E ratio of 52.43 and a beta of 1.57. The stock’s 50 day moving average is $25.75 and its two-hundred day moving average is $23.46. BKV has a 12 month low of $15.00 and a 12 month high of $29.65.

BKV (NYSE:BKV) last announced its earnings results on Monday, November 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.34. The firm had revenue of $199.23 million for the quarter, compared to analyst estimates of $234.36 million. BKV had a return on equity of 6.91% and a net margin of 5.67%. Analysts predict that BKV will post -1.82 earnings per share for the current fiscal year.

BKV declared that its board has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.