BKV Corporation (NYSE:BKV) Receives $33.25 Average Price Target from Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.25.

Several analysts recently weighed in on BKV shares. Truist Financial started coverage on shares of BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 target price on shares of BKV in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Citigroup reiterated a “buy” rating and set a $36.00 price target on shares of BKV in a research report on Tuesday, March 10th. Finally, Zacks Research downgraded shares of BKV from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th.

Insiders Place Their Bets

In related news, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at $1,839,791.75. This represents a 10.55% 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. 3.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKV. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV during the 4th quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey grew its holdings 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 worth $102,000 after purchasing an additional 1,166 shares during the period. Strs Ohio bought a new position in shares of BKV during the third quarter valued at approximately $278,000. SG Americas Securities LLC bought a new position in shares of BKV during the fourth quarter valued at approximately $1,509,000. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of BKV during the second quarter valued at approximately $8,215,000.

BKV Trading Down 4.2%

NYSE BKV opened at $27.33 on Monday. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $32.81. 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 stock has a 50 day simple moving average of $29.62 and a two-hundred day simple moving average of $26.63. The stock has a market cap of $2.99 billion, a P/E ratio of 14.02 and a beta of 1.64.

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

BKV declared that its board has approved a share buyback plan on Thursday, December 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.