BKV Corporation (NYSE:BKV) Given Average Recommendation of “Moderate Buy” by Analysts

BKV Corporation (NYSE:BKV) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.1429.

BKV has been the subject of several recent research reports. Zacks Research downgraded shares of BKV from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Susquehanna raised their price target on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. KeyCorp reiterated an “overweight” rating and issued a $30.00 price objective on shares of BKV in a report on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a research note on Monday, December 29th. Finally, Mizuho boosted their price target on BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th.

Insider Buying and Selling

In other news, insider Lindsay B. Larrick sold 22,669 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $25.00, for a total value of $566,725.00. Following the completion of the sale, the insider owned 143,672 shares of the company’s stock, valued at approximately $3,591,800. The trade was a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 39,187 shares of company stock worth $963,375. Corporate insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKV. SG Americas Securities LLC acquired a new stake in BKV in the fourth quarter worth $1,509,000. Cooper Creek Partners Management LLC grew its position in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares during the last quarter. Strs Ohio acquired a new stake in shares of BKV in the 3rd quarter worth about $278,000. Police & Firemen s Retirement System of New Jersey lifted its position in BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after purchasing an additional 45,989 shares during the period.

BKV Trading Up 2.9%

NYSE BKV opened at $26.25 on Wednesday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 50.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.85. BKV has a one year low of $15.00 and a one year high of $29.65. The company’s 50 day moving average price is $26.94 and its 200 day moving average price is $23.75.

BKV (NYSE:BKV) last issued its earnings results on Monday, November 10th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.34. BKV had a net margin of 5.67% and a return on equity of 6.91%. The business had revenue of $199.23 million for the quarter, compared to the consensus estimate of $234.36 million. On average, sell-side analysts predict that BKV will post -1.82 EPS for the current year.

BKV announced that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

BKV Company Profile

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.