BKV (NYSE:BKV) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of BKV (NYSE:BKV) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on BKV. KeyCorp boosted their target price on BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Citigroup reduced their price objective on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Jefferies Financial Group reduced their price objective on BKV from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Truist Financial assumed coverage on BKV in a research report on Tuesday, March 24th. They set a “buy” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.13.

BKV Stock Up 0.4%

NYSE:BKV opened at $24.24 on Monday. BKV has a 1 year low of $19.56 and a 1 year high of $32.81. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 7.34 and a beta of 1.05. The stock has a 50-day moving average price of $27.72 and a two-hundred day moving average price of $28.22.

BKV (NYSE:BKV) last posted 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). BKV had a net margin of 21.71% and a return on equity of 6.43%. The business had revenue of $432.85 million during the quarter, compared to analyst estimates of $337.64 million. As a group, equities analysts expect that BKV will post 1.5 earnings per share for the current year.

Insider Activity

In other news, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the transaction, the insider directly owned 227,843 shares of the company’s stock, valued at $6,126,698.27. This represents a 9.89% 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 7,300 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the transaction, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at $1,839,791.75. This trade represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,300 shares of company stock valued at $1,663,133 over the last ninety days. 2.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC boosted its position in BKV by 24.7% during the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after purchasing an additional 416,281 shares during the last quarter. Bank of New York Mellon Corp boosted its position in BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after purchasing an additional 62,485 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in BKV during the fourth quarter valued at approximately $52,000. Finally, Geode Capital Management LLC boosted its position in BKV by 40.4% during the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares during the last quarter.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.