BKV (NYSE:BKV) Stock Price Target Cut by Truist Financial

BKV (NYSE:BKV) had its target price lowered by Truist Financial from $34.00 to $31.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s target price suggests a potential upside of 77.35% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Evercore raised shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. Susquehanna cut their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Zacks Research lowered shares of BKV from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Raymond James Financial set a $29.00 price target on shares of BKV in a report on Tuesday, September 15th. Finally, Weiss Ratings cut shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

BKV Price Performance

Shares of BKV stock opened at $17.48 on Monday. BKV has a twelve month low of $17.47 and a twelve month high of $32.81. The company has a current ratio of 3.25, a quick ratio of 3.18 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $26.34. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.28 and a beta of 1.13.

BKV (NYSE:BKV) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The firm had revenue of $478.37 million for the quarter, compared to analysts’ expectations of $395.18 million. BKV had a net margin of 12.87% and a return on equity of 6.12%. On average, analysts predict that BKV will post 1.47 EPS for the current fiscal year.

Insider Activity

In other news, SVP Javier Hinojosa sold 12,377 shares of BKV stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.73, for a total value of $318,460.21. Following the transaction, the senior vice president directly owned 84,276 shares in the company, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 4,321 shares of the business’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 completion of the transaction, the chief financial officer directly owned 58,524 shares of the company’s stock, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 40,578 shares of company stock worth $1,005,136. 2.51% of the stock is currently owned by company insiders.

Institutional Trading of BKV

Several hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of BKV in the 3rd quarter valued at about $856,000. CenterBook Partners LP grew its position in shares of BKV by 62.1% in the 3rd quarter. CenterBook Partners LP now owns 229,200 shares of the company’s stock worth $4,891,000 after buying an additional 87,787 shares during the last quarter. Covestor Ltd grew its position in shares of BKV by 36.4% in the 3rd quarter. Covestor Ltd now owns 3,454 shares of the company’s stock worth $74,000 after buying an additional 921 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of BKV during the 3rd quarter worth approximately $1,227,000. Finally, State of Alaska Department of Revenue raised its stake in shares of BKV by 23.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock worth $88,000 after acquiring an additional 782 shares in the last quarter.

BKV Company Profile

BKV Corporation is a U.S. energy company focused on natural gas production and related businesses. It operates in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania, producing natural gas for sale to customers and markets across the region.

The company has expanded beyond production into natural gas gathering and processing, natural gas-fired power generation, and carbon capture and sequestration. These activities connect its gas operations with energy delivery and projects intended to reduce emissions.

Founded as part of Thailand-based Banpu’s U.S.