BKV (NYSE:BKV) Earns Sell (D-) Rating from Weiss Ratings

BKV (NYSE:BKV)‘s stock had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on BKV. Mizuho dropped their price target on shares of BKV from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Barclays boosted their price objective on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.88.

BKV Stock Down 6.3%

NYSE BKV opened at $22.27 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. BKV has a 1-year low of $15.00 and a 1-year high of $26.78. The company has a 50 day moving average of $22.21 and a 200-day moving average of $21.31. The company has a market cap of $1.89 billion and a price-to-earnings ratio of -111.35.

BKV (NYSE:BKV) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. The company had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. On average, equities research analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total transaction of $348,000.00. Following the completion of the transaction, the insider directly owned 176,341 shares in the company, valued at $4,091,111.20. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.11% of the stock is currently owned by corporate insiders.

Institutional Trading of BKV

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC bought a new stake in shares of BKV during the second quarter worth $8,215,000. Police & Firemen s Retirement System of New Jersey grew its stake in shares of BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after buying an additional 1,166 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of BKV by 13.9% during the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of BKV during the first quarter worth $1,605,000. Finally, Bank of New York Mellon Corp grew its stake in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after buying an additional 6,209 shares during the last quarter.

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.