BKV (NYSE:BKV) Raised to Hold at Zacks Research

BKV (NYSE:BKV) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

BKV has been the topic of a number of other research reports. Truist Financial began coverage on BKV in a research report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target on the stock. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Jefferies Financial Group dropped their target price on shares of BKV from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, KeyCorp upped their price target on shares of BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, BKV currently has an average rating of “Moderate Buy” and a consensus target price of $34.13.

BKV Trading Up 0.4%

Shares of NYSE:BKV opened at $24.24 on Monday. The company has a market capitalization of $2.65 billion, a P/E ratio of 7.34 and a beta of 1.05. BKV has a 1 year low of $19.56 and a 1 year high of $32.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27. The business’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $28.22.

BKV (NYSE:BKV) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). The company had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.64 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. On average, research analysts anticipate that BKV will post 1.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $29.71, for a total transaction of $216,883.00. Following the completion of the sale, the chief financial officer directly owned 61,925 shares in the company, valued at $1,839,791.75. This represents a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the sale, the insider directly owned 227,843 shares in the company, valued at $6,126,698.27. This trade represents a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,300 shares of company stock valued at $1,663,133 in the last three months. 2.51% of the stock is owned by insiders.

Institutional Investors Weigh In On BKV

A number of hedge funds have recently made changes to their positions in the stock. Cooper Creek Partners Management LLC grew its holdings in shares of BKV by 24.7% during 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 purchasing an additional 416,281 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after purchasing an additional 62,485 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in BKV by 34.3% in the 4th 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 during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV in the fourth quarter valued at approximately $52,000. Finally, Geode Capital Management LLC boosted its position in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares in the last quarter.

BKV Company Profile

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.