Truist Financial Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price objective raised by Truist Financial from $30.00 to $31.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Citigroup started coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 target price for the company. Evercore ISI started coverage on shares of BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price for the company. Susquehanna boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Jefferies Financial Group started coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Mizuho boosted their price objective on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.38.

BKV Stock Down 1.3 %

BKV stock opened at $23.68 on Friday. The firm’s 50 day simple moving average is $23.78. BKV has a 52-week low of $17.39 and a 52-week high of $26.78.

BKV (NYSE:BKV) last released its earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.05. The business had revenue of $173.09 million for the quarter, compared to analysts’ expectations of $173.67 million. Sell-side analysts predict that BKV will post -1.77 EPS for the current year.

Institutional Investors Weigh In On BKV

A number of large investors have recently added to or reduced their stakes in BKV. Geode Capital Management LLC bought a new stake in BKV in the 4th quarter worth approximately $7,728,000. Bank of New York Mellon Corp bought a new stake in BKV in the 4th quarter worth approximately $695,000. Corebridge Financial Inc. bought a new stake in BKV in the 4th quarter worth approximately $170,000. Finally, SG Americas Securities LLC bought a new stake in BKV in the 4th quarter worth approximately $157,000.

BKV Company Profile

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.