BKV Corporation (NYSE:BKV) Receives Average Recommendation of “Moderate Buy” from Brokerages

BKV Corporation (NYSE:BKV) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.8571.

BKV has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Barclays began coverage on shares of BKV in a research note on Thursday, November 13th. They set an “overweight” rating and a $32.00 price target on the stock. Susquehanna raised their price objective 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. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price objective on shares of BKV in a report on Thursday, February 5th. Finally, Mizuho increased their target price on BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th.

BKV Trading Up 1.6%

NYSE:BKV opened at $30.63 on Friday. BKV has a 12-month low of $15.00 and a 12-month high of $31.50. 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’s 50 day simple moving average is $27.81 and its 200-day simple moving average is $24.78. The firm has a market cap of $2.97 billion, a P/E ratio of 58.89 and a beta of 1.60.

BKV declared that its Board of Directors has authorized a share buyback program on Thursday, December 18th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On BKV

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV during the 4th quarter worth $52,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after buying an additional 1,166 shares in the last quarter. Strs Ohio purchased a new stake in BKV during the third quarter worth about $278,000. SG Americas Securities LLC acquired a new position in BKV during the fourth quarter worth about $1,509,000. Finally, Cooper Creek Partners Management LLC purchased a new position in BKV in the second quarter valued at about $8,215,000.

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.