BKV (NYSE:BKV) Hits New 52-Week Low – What’s Next?

BKV Corporation (NYSE:BKV) shares hit a new 52-week low during trading on Monday. The company traded as low as $20.15 and last traded at $20.3170, with a volume of 6,146 shares traded. The stock had previously closed at $20.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BKV shares. Truist Financial raised their target price on BKV from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Raymond James Financial set a $29.00 price target on shares of BKV in a research report on Tuesday, September 15th. Zacks Research upgraded shares of BKV from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Susquehanna dropped their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $33.67.

BKV Trading Up 0.7%

The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $23.67 and a 200-day moving average price of $25.64. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 7.46 and a beta of 1.13.

BKV (NYSE:BKV) last announced its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.67% and a net margin of 17.73%. As a group, sell-side analysts predict that BKV Corporation will post 1.49 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Javier Hinojosa sold 12,377 shares of the company’s 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 sale, the senior vice president owned 84,276 shares in the company, valued at approximately $2,168,421.48. This represents a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $26.16, for a total value of $261,600.00. Following the completion of the transaction, the insider directly owned 83,925 shares in the company, valued at $2,195,478. The trade was a 10.65% 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 have sold a total of 35,626 shares of company stock valued at $901,589 in the last three months. Insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKV. BlackRock Inc. acquired a new position in BKV during the 2nd quarter worth $74,241,000. Cooper Creek Partners Management LLC boosted its stake in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares in the last quarter. William Blair Investment Management LLC bought a new position in BKV during the 2nd quarter valued at about $32,689,000. Value Aligned Research Advisors LLC grew its stake in shares of BKV by 110.5% during the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after purchasing an additional 356,848 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of BKV during the second quarter worth approximately $16,177,000.

BKV Company Profile

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.