BKV (NYSE:BKV) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of BKV (NYSE:BKV) from a sell rating to a strong sell rating in a report released on Saturday,Wall Street Zen reports.

Other analysts have also issued reports about the stock. Truist Financial raised their price target on shares of BKV from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Raymond James Financial set a $29.00 price objective on BKV in a report on Tuesday, September 15th. Susquehanna lowered their price objective on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Zacks Research raised BKV from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Evercore upgraded shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, BKV presently has a consensus rating of “Buy” and a consensus target price of $33.67.

BKV Stock Down 0.9%

BKV stock opened at $22.73 on Friday. BKV has a fifty-two week low of $20.17 and a fifty-two week high of $32.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 8.30 and a beta of 1.13. The firm has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $25.81.

BKV (NYSE:BKV) last announced its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%. The firm had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. As a group, analysts forecast that BKV will post 1.49 earnings per share for the current year.

Insider Activity

In other news, SVP Javier Hinojosa sold 7,428 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $22.66, for a total value of $168,318.48. Following the sale, the senior vice president directly owned 76,848 shares in the company, valued at approximately $1,741,375.68. This represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the completion of the transaction, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 35,626 shares of company stock worth $901,589. Company insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in shares of BKV by 23.1% in 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. PEAK6 LLC bought a new stake in shares of BKV in the 2nd quarter worth about $270,000. Arizona State Retirement System acquired a new stake in shares of BKV during the 2nd quarter worth about $289,000. Jupiter Topco LLC acquired a new stake in shares of BKV during the 2nd quarter worth about $446,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of BKV during the 2nd quarter worth about $479,000.

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.