BKV (NYSE:BKV) Raised to Hold at Wall Street Zen

BKV (NYSE:BKV) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price objective on shares of BKV in a research note on Thursday, February 5th. Zacks Research lowered shares of BKV from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. KeyCorp reiterated an “overweight” rating and set a $34.00 target price on shares of BKV in a research report on Thursday, February 5th. Finally, Mizuho increased their price target on BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

BKV Stock Down 2.2%

NYSE:BKV opened at $29.30 on Friday. The stock’s fifty day moving average price is $29.61 and its two-hundred day moving average price is $26.58. BKV has a 52-week low of $15.00 and a 52-week high of $32.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 15.02 and a beta of 1.53.

BKV (NYSE:BKV) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The firm had revenue of $259.91 million during the quarter, compared to the consensus estimate of $268.05 million. BKV had a net margin of 17.16% and a return on equity of 7.91%. On average, analysts anticipate that BKV will post -1.82 EPS for the current year.

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

Insider Buying and Selling

In other BKV news, CFO David Tameron sold 7,300 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer directly owned 61,925 shares in the company, valued at approximately $1,839,791.75. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On BKV

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV during the 4th quarter worth $52,000. Police & Firemen s Retirement System of New Jersey grew its stake in BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares during the period. Strs Ohio bought a new stake in shares of BKV in the third quarter worth about $278,000. SG Americas Securities LLC bought a new stake in shares of BKV in the fourth quarter worth about $1,509,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of BKV during the second 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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.