BKV Corporation (NYSE:BKV) Stock Has Average Price Target of $33.67 According to Analysts

Shares of BKV Corporation (NYSE:BKV) have earned an average rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $33.67.

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Barclays dropped their price objective on BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Truist Financial lifted their price objective on BKV from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Evercore upgraded shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. Finally, Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a report on Saturday.

BKV Trading Down 0.2%

BKV stock opened at $22.88 on Friday. BKV has a 1-year low of $20.08 and a 1-year high of $32.81. The firm has a market cap of $2.50 billion, a P/E ratio of 8.35 and a beta of 1.13. The business’s 50 day moving average is $24.11 and its 200-day moving average is $25.85. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45.

BKV (NYSE:BKV) last issued its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The business had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. Equities analysts anticipate that BKV will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider directly owned 83,925 shares in the company, valued at $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the sale, the chief financial officer directly owned 57,024 shares in the company, valued at $1,461,525.12. This represents a 2.56% 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 35,626 shares of company stock worth $901,589 in the last quarter. 2.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in BKV during the 3rd quarter worth approximately $1,227,000. State of Alaska Department of Revenue increased its holdings in BKV by 23.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock valued at $88,000 after purchasing an additional 782 shares in the last quarter. Squarepoint Ops LLC increased its holdings in BKV by 87.7% during the 2nd quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock valued at $8,248,000 after purchasing an additional 140,835 shares in the last quarter. Arizona State Retirement System bought a new position in BKV in the 2nd quarter valued at $289,000. Finally, HighTower Advisors LLC bought a new position in BKV in the 2nd quarter valued at $677,000.

BKV Company Profile

BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.

BKV’s activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.

Based in Denver, Colorado, BKV serves U.S.