BKV (NYSE:BKV) Sets New 1-Year High – What’s Next?

BKV Corporation (NYSE:BKV)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.94 and last traded at $30.5480, with a volume of 103567 shares traded. The stock had previously closed at $30.31.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKV. Susquehanna upped their price target on BKV from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, November 11th. Mizuho increased their price objective on shares of BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, December 12th. KeyCorp reaffirmed an “overweight” rating and set a $34.00 target price on shares of BKV in a report on Thursday. Roth Mkm reissued a “buy” rating and issued a $32.00 price target on shares of BKV in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BKV in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.86.

BKV Trading Up 0.2%

The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 58.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83. The business has a 50 day simple moving average of $27.56 and a 200-day simple moving average of $24.45.

BKV (NYSE:BKV) last released its quarterly earnings data on Monday, November 10th. The company reported $0.50 earnings per share 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 analysts’ expectations of $234.36 million. As a group, equities analysts expect that BKV Corporation will post -1.82 earnings per share for the current year.

BKV announced that its Board of Directors has approved a stock repurchase program on Thursday, December 18th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On BKV

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKV. Geode Capital Management LLC increased its holdings in BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after purchasing an additional 160,171 shares in the last quarter. Cooper Creek Partners Management LLC boosted its position in BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,082 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BKV in the fourth quarter worth $1,509,000. Strs Ohio bought a new position in BKV in the third quarter valued at $278,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in 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 buying an additional 1,166 shares during the last quarter.

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.