BKV (NYSE:BKV) Receives Buy Rating from Citigroup

BKV (NYSE:BKV)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a $36.00 price target on the stock. Citigroup’s price target points to a potential upside of 18.30% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Zacks Research downgraded BKV from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Susquehanna increased their target price on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday, November 11th. KeyCorp reaffirmed an “overweight” rating and set a $34.00 price target on shares of BKV in a report on Thursday, February 5th. Finally, Roth Mkm reissued a “buy” rating and issued a $32.00 price objective on shares of BKV in a research note on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

BKV Stock Performance

Shares of NYSE BKV opened at $30.43 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 15.61 and a beta of 1.53. BKV has a 1-year low of $15.00 and a 1-year high of $32.81. The stock’s 50-day moving average is $28.83 and its 200 day moving average is $25.90.

BKV (NYSE:BKV) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). BKV had a return on equity of 8.43% and a net margin of 17.16%.The company had revenue of $259.91 million during the quarter, compared to the consensus estimate of $268.05 million. On average, sell-side analysts anticipate that BKV will post -1.82 EPS for the current fiscal year.

BKV announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of BKV

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKV. Cooper Creek Partners Management LLC bought a new stake in shares of BKV during the 2nd quarter worth $8,215,000. Geode Capital Management LLC grew its holdings in BKV by 13.9% during the second 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. Police & Firemen s Retirement System of New Jersey grew 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 acquiring an additional 1,166 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the 4th quarter valued at $52,000. Finally, SG Americas Securities LLC purchased a new stake in shares of BKV during the fourth quarter valued at $1,509,000.

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.