Analysts Set BKV Corporation (NYSE:BKV) Target Price at $33.56

Shares of BKV Corporation (NYSE:BKV) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.5556.

Several analysts recently weighed in on BKV shares. Roth Mkm restated a “buy” rating and issued a $32.00 price target on shares of BKV in a research note on Thursday, February 5th. Jefferies Financial Group cut their price target on BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 16th. KeyCorp upped their price target on BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Finally, Citigroup restated a “buy” rating and issued a $36.00 price target on shares of BKV in a research note on Tuesday, March 10th.

BKV Stock Up 2.9%

BKV stock opened at $31.51 on Friday. BKV has a fifty-two week low of $17.80 and a fifty-two week high of $32.81. The business’s 50 day moving average price is $29.04 and its two-hundred day moving average price is $27.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 16.16 and a beta of 1.64.

BKV (NYSE:BKV) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. As a group, analysts forecast that BKV will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at BKV

In related news, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the transaction, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On BKV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in BKV in the 4th quarter valued at approximately $1,509,000. Strs Ohio bought a new position in BKV in the 3rd quarter valued at approximately $278,000. Police & Firemen s Retirement System of New Jersey lifted its position in BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after acquiring an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV in the 4th quarter valued at approximately $52,000. Finally, Geode Capital Management LLC lifted its position in 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 acquiring 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.