BKV (NYSE:BKV) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

BKV (NYSE:BKV) issued its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11, Zacks reports.

BKV Price Performance

BKV stock traded down $1.09 during midday trading on Wednesday, reaching $21.71. The stock had a trading volume of 356,134 shares, compared to its average volume of 426,497. The stock has a fifty day simple moving average of $23.91. BKV has a 52-week low of $17.39 and a 52-week high of $26.78.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho boosted their price target on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Truist Financial upped their price objective on shares of BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Susquehanna increased their price target on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, KeyCorp increased their target price on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, BKV has a consensus rating of “Buy” and a consensus target price of $28.38.

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.