BKV (NYSE:BKV) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of BKV (NYSE:BKV) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on BKV. Susquehanna cut their target price on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Truist Financial lowered their target price on BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Citigroup dropped their price target on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price target on shares of BKV in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, BKV has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

BKV Trading Up 0.8%

NYSE:BKV opened at $22.97 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 8.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. BKV has a 1 year low of $20.08 and a 1 year high of $32.81. The business has a fifty day moving average of $24.97 and a 200-day moving average of $26.84.

BKV (NYSE:BKV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. Equities analysts predict that BKV will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other BKV news, CFO David Tameron sold 4,321 shares of BKV stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.56, for a total transaction of $114,765.76. Following the transaction, the chief financial officer directly owned 58,524 shares in the company, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21. Following the sale, the senior vice president directly owned 84,276 shares in the company, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 28,198 shares of company stock valued at $733,271. Company insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

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

About BKV

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.