BKV (NYSE:BKV) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of BKV (NYSE:BKV) in a report published on Thursday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $32.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Susquehanna raised their price target on shares of BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Tuesday. KeyCorp lifted their target price on BKV from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Mizuho boosted their target price on BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BKV currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

BKV Trading Up 5.0%

NYSE BKV traded up $1.32 during trading on Thursday, hitting $27.92. The stock had a trading volume of 1,244,849 shares, compared to its average volume of 735,745. The stock has a 50 day simple moving average of $22.84 and a 200 day simple moving average of $22.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.85. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 53.70 and a beta of 1.70. BKV has a one year low of $15.00 and a one year high of $28.15.

BKV (NYSE:BKV) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.16 by $0.34. BKV had a return on equity of 6.91% and a net margin of 5.67%.The business had revenue of $199.23 million for the quarter, compared to analyst estimates of $234.36 million. Sell-side analysts predict that BKV will post -1.82 earnings per share for the current year.

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 22,669 shares of BKV stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total transaction of $566,725.00. Following the completion of the transaction, the insider directly owned 143,672 shares in the company, valued at approximately $3,591,800. The trade was a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 54,187 shares of company stock worth $1,311,375. 4.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of BKV by 37.9% in the 2nd 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 in the last quarter. Strs Ohio bought a new position in shares of BKV in the third quarter valued at $278,000. Bank of New York Mellon Corp lifted its holdings in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after purchasing an additional 6,209 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of BKV during the 1st quarter worth approximately $1,605,000. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of BKV in the 2nd quarter worth about $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.