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

Wall Street Zen upgraded shares of BKV (NYSE:BKV) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

Other equities analysts have also issued research reports about the company. Truist Financial lowered their target price on BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group restated a “buy” rating and issued a $34.00 price target on shares of BKV in a research note on Friday, July 10th. Susquehanna reduced their price target on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st. Citigroup decreased their price objective on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Finally, Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, BKV currently has a consensus rating of “Moderate Buy” and an average target price of $33.88.

BKV Stock Up 2.0%

Shares of BKV opened at $24.48 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 8.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. BKV has a 52 week low of $19.56 and a 52 week high of $32.81. The firm’s 50-day simple moving average is $25.53 and its 200 day simple moving average is $27.77.

BKV (NYSE:BKV) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.95%. The firm had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. On average, analysts forecast that BKV will post 1.49 earnings per share for the current year.

Insider Activity at BKV

In other news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total transaction of $672,250.00. Following the transaction, the insider directly owned 227,843 shares of the company’s stock, valued at approximately $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On BKV

A number of large investors have recently added to or reduced their stakes in BKV. Cooper Creek Partners Management LLC raised its holdings in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after acquiring an additional 416,281 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of BKV by 13.0% during the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after purchasing an additional 62,485 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of BKV during the 4th quarter worth $52,000. Geode Capital Management LLC increased its position in shares of BKV by 40.4% in the fourth 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 during the period. Finally, Police & Firemen s Retirement System of New Jersey increased 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 worth $155,000 after purchasing an additional 1,455 shares during the period.

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.