BKV (NYSE:BKV) Rating Lowered to “Strong Sell” at Wall Street Zen

BKV (NYSE:BKV) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently commented on BKV. Susquehanna dropped their price objective on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 21st. Evercore raised BKV to a “strong-buy” rating in a research report on Friday, September 18th. Raymond James Financial set a $29.00 target price on BKV in a report on Tuesday, September 15th. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded BKV from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, BKV presently has a consensus rating of “Buy” and a consensus price target of $33.67.

BKV Stock Performance

Shares of BKV stock opened at $22.88 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.35 and a beta of 1.13. BKV has a one year low of $20.08 and a one year high of $32.81. The company has a 50 day moving average price of $24.11 and a 200 day moving average price of $25.85.

BKV (NYSE:BKV) last announced 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. The company had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. Sell-side analysts anticipate that BKV will post 1.49 EPS for the current year.

Insider Transactions at BKV

In related news, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 7,428 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $22.66, for a total value of $168,318.48. Following the transaction, the senior vice president directly owned 76,848 shares in the company, valued at $1,741,375.68. This trade represents a 8.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 35,626 shares of company stock valued at $901,589 over the last quarter. Company insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

Several large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of BKV in the third quarter valued at $1,227,000. State of Alaska Department of Revenue grew its holdings in BKV by 23.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock valued at $88,000 after purchasing an additional 782 shares in the last quarter. Squarepoint Ops LLC grew its holdings in BKV by 87.7% during the 2nd quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock valued at $8,248,000 after purchasing an additional 140,835 shares in the last quarter. Arizona State Retirement System acquired a new stake in BKV during the 2nd quarter valued at $289,000. Finally, HighTower Advisors LLC purchased a new stake in BKV during the 2nd quarter worth $677,000.

BKV Company Profile

BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.

BKV’s activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.

Based in Denver, Colorado, BKV serves U.S.