BKV (NYSE:BKV) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of BKV (NYSE:BKV) from a hold rating to a sell rating in a report published on Saturday morning.

BKV has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Citigroup reiterated a “buy” rating and issued a $36.00 target price on shares of BKV in a research note on Tuesday, March 10th. Zacks Research downgraded shares of BKV from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. KeyCorp restated an “overweight” rating and set a $34.00 price target on shares of BKV in a research note on Thursday, February 5th. Finally, Mizuho raised their price target on shares of BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BKV has an average rating of “Moderate Buy” and an average target price of $32.71.

BKV Price Performance

BKV opened at $29.10 on Friday. The business’s 50-day moving average is $29.19 and its two-hundred day moving average is $26.24. BKV has a 1 year low of $15.00 and a 1 year high of $32.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.78 and a quick ratio of 1.75. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.92 and a beta of 1.54.

BKV (NYSE:BKV) last announced 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 7.91% and a net margin of 17.16%.The firm had revenue of $259.91 million during the quarter, compared to the consensus estimate of $268.05 million. Research analysts anticipate that BKV will post -1.82 earnings per share for the current fiscal year.

BKV declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV during the 4th quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of BKV by 37.9% in the second 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. Strs Ohio purchased a new position in BKV during the third quarter worth approximately $278,000. SG Americas Securities LLC purchased a new position in BKV during the fourth quarter worth approximately $1,509,000. Finally, Cooper Creek Partners Management LLC acquired a new position in BKV during the second quarter worth $8,215,000.

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.