Brokerages Set BKV Corporation (NYSE:BKV) Price Target at $33.88

Shares of BKV Corporation (NYSE:BKV) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.8750.

BKV has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $34.00 target price on shares of BKV in a report on Friday, July 10th. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Wall Street Zen lowered BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th.

Insider Activity at BKV

In related news, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the sale, the insider owned 227,843 shares in the company, valued at $6,126,698.27. This represents a 9.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cooper Creek Partners Management LLC boosted its stake in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares during the period. SG Americas Securities LLC acquired a new position in BKV in the 4th quarter valued at about $1,509,000. Geode Capital Management LLC raised its stake in BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after acquiring an additional 160,171 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in BKV during the 4th quarter valued at approximately $52,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after acquiring an additional 1,455 shares during the last quarter.

BKV Trading Down 4.9%

BKV opened at $23.25 on Friday. BKV has a one year low of $19.56 and a one year high of $32.81. The company has a market cap of $2.54 billion, a P/E ratio of 7.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. The business’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $27.83.

BKV (NYSE:BKV) last posted its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). The business had revenue of $432.85 million for the quarter, compared to analysts’ expectations of $337.63 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. As a group, equities research analysts expect that BKV will post 1.48 EPS for the current fiscal year.

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