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

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

Other research analysts have also recently issued reports about the stock. Truist Financial decreased their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Citigroup dropped their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Barclays boosted their price target on shares of BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price target on shares of BKV in a report on Friday, July 10th. Finally, Susquehanna lowered their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

BKV Price Performance

BKV stock opened at $26.04 on Friday. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 9.50 and a beta of 1.06. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $25.47 and a 200 day simple moving average of $27.21. BKV has a 52 week low of $20.08 and a 52 week high of $32.81.

BKV (NYSE:BKV) last released its quarterly 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. The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. On average, research analysts forecast that BKV will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BKV news, insider Lindsay Larrick sold 10,000 shares of BKV stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of BKV stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the transaction, the senior vice president directly owned 84,276 shares in the company, valued at $2,168,421.48. This trade represents a 12.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,198 shares of company stock worth $733,271 in the last quarter. 2.51% of the stock is owned by insiders.

Institutional Trading of BKV

Several hedge funds have recently added to or reduced their stakes in the business. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey grew its position 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 worth $155,000 after acquiring an additional 1,455 shares during the last quarter. PEAK6 LLC bought a new position in BKV during the 2nd quarter worth approximately $270,000. Jupiter Topco LLC purchased a new position in BKV in the 2nd quarter worth approximately $446,000. Finally, The Manufacturers Life Insurance Company purchased a new position in BKV in the 2nd quarter worth approximately $479,000.

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.