BKV Corporation (NYSE:BKV) Receives $34.25 Average PT from Brokerages

Shares of BKV Corporation (NYSE:BKV) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $34.25.

Several equities analysts have commented on the company. Susquehanna dropped their target price on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Barclays upped their price objective on BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of BKV in a report on Monday, August 24th.

BKV Stock Down 0.5%

Shares of BKV opened at $24.11 on Thursday. BKV has a 52 week low of $20.08 and a 52 week high of $32.81. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 8.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a fifty day moving average of $25.49 and a 200-day moving average of $27.38.

BKV (NYSE:BKV) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.21. The company had revenue of $465.54 million for the quarter, compared to the consensus estimate of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. As a group, sell-side analysts anticipate that BKV will post 1.77 earnings per share for the current fiscal year.

Insider Activity at BKV

In related news, SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the transaction, the senior vice president directly owned 84,276 shares of the company’s stock, valued at $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider directly owned 83,925 shares in the company, valued at $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,198 shares of company stock worth $733,271 over the last three months. Company insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On BKV

A number of hedge funds have recently made changes to their positions in BKV. Police & Firemen s Retirement System of New Jersey increased its position in BKV by 34.3% during 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 period. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV in the 4th quarter valued at $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of BKV by 37.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock worth $823,000 after buying an additional 8,144 shares during the period. PEAK6 LLC acquired a new stake in shares of BKV during the second quarter worth $270,000. Finally, IMC Chicago LLC raised its stake in BKV by 100.0% during the second quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock worth $662,000 after buying an additional 12,105 shares during 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.