BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

BKV Corporation (NYSE:BKV) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.5556.

A number of equities research analysts have recently issued reports on BKV shares. Roth Mkm restated a “buy” rating and issued a $32.00 target price on shares of BKV in a research note on Thursday, February 5th. Weiss Ratings upgraded shares of BKV from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial started coverage on shares of BKV in a research note on Tuesday, March 24th. They issued a “buy” rating and a $37.00 target price on the stock. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, KeyCorp upped their target price on shares of BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd.

Insider Transactions at BKV

In related 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 transaction of $216,883.00. Following the completion of the sale, the chief financial officer owned 61,925 shares of the company’s stock, valued at $1,839,791.75. This represents a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric S. Jacobsen sold 25,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $30.96, for a total transaction of $774,000.00. Following the sale, the insider directly owned 252,843 shares of the company’s stock, valued at approximately $7,828,019.28. This represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BKV

A number of institutional investors have recently modified their holdings of BKV. Strs Ohio bought a new stake in shares of BKV during the 3rd quarter valued at about $278,000. Cooper Creek Partners Management LLC grew its position 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 valued at $10,678,000 after buying an additional 121,082 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BKV during the 4th quarter valued at about $1,509,000. Geode Capital Management LLC grew its position in shares of BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV during the 4th quarter valued at about $52,000.

BKV Stock Performance

Shares of BKV stock opened at $28.32 on Tuesday. The firm has a market cap of $3.10 billion, a PE ratio of 8.58 and a beta of 1.37. The firm’s 50-day simple moving average is $28.63 and its 200-day simple moving average is $28.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. BKV has a 1 year low of $19.56 and a 1 year high of $32.81.

BKV (NYSE:BKV) last issued its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). The company had revenue of $432.85 million during the quarter, compared to analyst estimates of $337.64 million. BKV had a net margin of 21.71% and a return on equity of 6.43%. Equities analysts forecast that BKV will post 1.46 earnings per share for the current fiscal year.

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.