BKV (NYSE:BKV) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of BKV (NYSE:BKV) in a report issued on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $37.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of BKV from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Roth Mkm restated a “buy” rating and issued a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 target price on shares of BKV in a research note on Thursday, February 5th. Zacks Research cut shares of BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.25.

BKV Trading Down 2.1%

Shares of BKV opened at $29.52 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 15.14 and a beta of 1.54. The stock has a fifty day moving average price of $29.48 and a two-hundred day moving average price of $26.41. BKV has a 52-week low of $15.00 and a 52-week high of $32.81.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to the consensus estimate of $268.05 million. Analysts predict that BKV will post -1.82 EPS for the current fiscal year.

BKV declared that its Board of Directors has authorized a share repurchase program on Thursday, December 18th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of BKV

Large investors have recently made changes to their positions in the company. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV during the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey grew its stake in BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares during the period. Strs Ohio bought a new stake in shares of BKV in the third quarter worth about $278,000. SG Americas Securities LLC bought a new stake in shares of BKV in the fourth quarter worth about $1,509,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of BKV during the second quarter worth about $8,215,000.

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.