BKV (NYSE:BKV) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of BKV (NYSE:BKV) from a sell rating to a strong sell rating in a report released on Saturday morning,Wall Street Zen reports.

A number of other brokerages also recently weighed in on BKV. Truist Financial decreased their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of BKV in a research report on Monday, August 24th. Susquehanna dropped their price objective on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Finally, Barclays boosted their price objective on BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

BKV Price Performance

NYSE:BKV opened at $26.04 on Friday. 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 $2.85 billion, a price-to-earnings ratio of 9.50 and a beta of 1.06. The company has a 50 day moving average price of $25.47 and a 200-day moving average price of $27.26. BKV has a 1-year low of $20.08 and a 1-year high of $32.81.

BKV (NYSE:BKV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for 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 research analysts forecast that BKV will post 1.77 EPS for the current year.

Insider Buying and Selling at BKV

In other BKV news, CFO David Tameron sold 4,321 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.56, for a total value of $114,765.76. Following the transaction, the chief financial officer owned 58,524 shares in the company, valued at approximately $1,554,397.44. This trade represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of BKV 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 sale, the insider directly owned 83,925 shares in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their position. 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 have sold 28,198 shares of company stock worth $733,271. Corporate insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

Large investors have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV in the 4th quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of 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 purchasing an additional 1,455 shares in the last quarter. PEAK6 LLC purchased a new stake in shares of BKV in the second quarter valued at approximately $270,000. Jupiter Topco LLC acquired a new stake in shares of BKV in the second quarter valued at approximately $446,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of BKV in the second quarter valued at approximately $479,000.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.