BKV (NYSE:BKV) Raised to Sell at Wall Street Zen

BKV (NYSE:BKV) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also issued reports on BKV. Citigroup lowered their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Weiss Ratings lowered BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Truist Financial dropped their price target on BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Susquehanna reduced 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. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, BKV has a consensus rating of “Moderate Buy” and an average target price of $33.88.

BKV Stock Performance

BKV stock opened at $24.48 on Friday. The company has a 50-day simple moving average of $25.53 and a 200 day simple moving average of $27.79. The company has a market capitalization of $2.68 billion, a P/E ratio of 8.93 and a beta of 1.09. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. BKV has a fifty-two week low of $19.56 and a fifty-two week high of $32.81.

BKV (NYSE:BKV) last released its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.68%. The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. Sell-side analysts predict that BKV will post 1.49 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Eric S. Jacobsen sold 25,000 shares of the stock in a transaction on Monday, June 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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

Large investors have recently bought and sold shares of the business. Oxbow Advisors LLC purchased a new stake in BKV in the 2nd quarter worth about $3,701,000. BlackRock Inc. purchased a new position in BKV during the 2nd quarter valued at about $74,241,000. Deutsche Bank AG purchased a new position in BKV during the 2nd quarter valued at about $909,000. IMC Chicago LLC increased its holdings in shares of BKV by 100.0% in the 2nd quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock valued at $662,000 after purchasing an additional 12,105 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of BKV in the 2nd quarter valued at about $15,261,000.

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