BKV Corporation (NYSE:BKV) Receives $34.25 Average Target Price from Analysts

BKV Corporation (NYSE:BKV) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.25.

Several equities analysts recently weighed in on BKV shares. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Susquehanna dropped their price target 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of BKV in a research note on Monday, August 24th. Barclays lifted their price objective on shares of BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Citigroup lowered their price objective on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th.

BKV Price Performance

Shares of NYSE BKV opened at $25.10 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The business has a 50-day moving average of $25.47 and a 200-day moving average of $27.30. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 9.16 and a beta of 1.06. BKV has a fifty-two week low of $20.08 and a fifty-two week high of $32.81.

BKV (NYSE:BKV) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The firm had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. As a group, sell-side analysts predict that BKV will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Javier Hinojosa sold 12,377 shares of BKV stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the transaction, the senior vice president owned 84,276 shares in the company, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider directly owned 83,925 shares in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 28,198 shares of company stock worth $733,271. Company insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On BKV

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in BKV during the second quarter worth $74,241,000. William Blair Investment Management LLC acquired a new stake in shares of BKV during the 2nd quarter worth about $32,689,000. California State Teachers Retirement System lifted its stake in shares of BKV by 7,331.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,190,680 shares of the company’s stock worth $32,577,000 after buying an additional 1,174,658 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of BKV during the 2nd quarter worth about $16,177,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of BKV during the 2nd quarter worth about $15,261,000.

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.