BKV Corporation (NYSE:BKV) Given Average Rating of “Moderate Buy” by Brokerages

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

Several analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on BKV from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Citigroup decreased their price objective on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Truist Financial initiated coverage on shares of BKV in a research note on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price objective for the company. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th.

BKV Stock Performance

BKV stock opened at $24.18 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. The company has a 50 day moving average price of $27.64 and a 200-day moving average price of $28.21. The company has a market capitalization of $2.65 billion, a PE ratio of 7.33 and a beta of 1.05. BKV has a fifty-two week low of $19.56 and a fifty-two week high of $32.81.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). The firm had revenue of $432.85 million during the quarter, compared to the consensus estimate of $337.64 million. BKV had a net margin of 21.71% and a return on equity of 6.43%. As a group, equities analysts forecast that BKV will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other BKV news, CFO David Tameron sold 7,300 shares of the business’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 completion of the transaction, the chief financial officer directly owned 61,925 shares in the company, valued at approximately $1,839,791.75. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric S. Jacobsen sold 25,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the transaction, the insider owned 227,843 shares of the company’s stock, valued at $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,300 shares of company stock valued at $1,663,133 in the last three months. 2.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BKV

A number of large investors have recently added to or reduced their stakes in BKV. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV in the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey raised its holdings in BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after purchasing an additional 1,455 shares in the last quarter. SG Americas Securities LLC bought a new position in BKV in the fourth quarter worth about $1,509,000. Cooper Creek Partners Management LLC raised its holdings in BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after purchasing an additional 121,082 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after purchasing an additional 160,171 shares in the last quarter.

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.