BKV Corporation (NYSE:BKV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.3750.

BKV has been the subject of a number of research analyst reports. Zacks Research downgraded shares of BKV from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price target on shares of BKV in a research note on Thursday, February 5th. Citigroup reiterated a “buy” rating and set a $36.00 price objective on shares of BKV in a report on Tuesday. Barclays started coverage on BKV in a research report on Thursday, November 13th. They set an “overweight” rating and a $32.00 price objective for the company. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $34.00 target price on shares of BKV in a research report on Thursday, February 5th.

BKV Trading Down 1.1%

NYSE:BKV opened at $28.64 on Thursday. The stock has a market cap of $2.93 billion, a PE ratio of 14.69 and a beta of 1.54. BKV has a fifty-two week low of $15.00 and a fifty-two week 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 0.83. The stock’s 50-day moving average is $28.88 and its two-hundred day moving average is $25.96.

BKV (NYSE:BKV) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The company had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. As a group, equities research analysts forecast that BKV will post -1.82 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On BKV

Hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after acquiring an additional 1,455 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BKV during the 4th quarter valued at $52,000. Geode Capital Management LLC raised its holdings in shares of BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of BKV in the 4th quarter valued at $1,509,000. Finally, Cooper Creek Partners Management LLC lifted its stake in shares of BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after purchasing an additional 121,082 shares during the last quarter.

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.