BKV Corporation (NYSE:BKV) Stock Has Consensus Price Target of $33.67

Shares of BKV Corporation (NYSE:BKV) have been given an average rating of “Buy” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.67.

BKV has been the subject of several recent analyst reports. Barclays reduced their target price on BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Susquehanna dropped their price target on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of BKV from a “sell” rating to a “strong sell” rating in a report on Saturday, October 17th. Evercore upgraded shares of BKV to a “strong-buy” rating in a research report on Friday, September 18th. Finally, Weiss Ratings upgraded shares of BKV from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the completion of the transaction, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. This represents a 10.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the sale, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at $1,461,525.12. This represents a 2.56% 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 quarter, insiders have sold 35,626 shares of company stock valued at $901,589. 2.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On BKV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKV. BlackRock Inc. purchased a new position in shares of BKV in the second quarter worth about $74,241,000. Cooper Creek Partners Management LLC lifted its stake in shares of BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of BKV during the 2nd quarter valued at approximately $32,689,000. Value Aligned Research Advisors LLC boosted its holdings in BKV by 110.5% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock worth $18,602,000 after buying an additional 356,848 shares during the period. Finally, Bank of America Corp DE bought a new position in BKV in the 2nd quarter worth approximately $16,177,000.

BKV Stock Performance

NYSE BKV opened at $20.64 on Friday. BKV has a 1 year low of $20.17 and a 1 year high of $32.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 7.53 and a beta of 1.13. The company has a fifty day moving average price of $23.79 and a 200-day moving average price of $25.69.

BKV (NYSE:BKV) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.67%. The company had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. As a group, equities research analysts predict that BKV will post 1.49 EPS for the current fiscal year.

About BKV

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.