BKV Corporation (NYSE:BKV) Given Average Rating of “Moderate Buy” by Brokerages

BKV Corporation (NYSE:BKV) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.8750.

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of BKV in a research note on Wednesday. Mizuho reduced their price objective on shares of BKV from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, Barclays upped their target price on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, July 7th.

BKV Price Performance

Shares of BKV stock opened at $20.48 on Monday. BKV has a 12-month low of $15.00 and a 12-month high of $26.78. The firm has a market capitalization of $1.74 billion and a price-to-earnings ratio of -102.40. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $22.21 and a 200-day moving average of $21.31.

BKV (NYSE:BKV) last announced its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. The firm had revenue of $322.04 million during the quarter, compared to analyst estimates of $224.05 million. On average, equities research analysts forecast that BKV will post -1.82 earnings per share for the current year.

Insider Activity

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total value of $348,000.00. Following the transaction, the insider directly owned 176,341 shares of the company’s stock, valued at $4,091,111.20. This represents a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKV. California State Teachers Retirement System bought a new position in BKV in the 4th quarter valued at about $26,000. Bank of New York Mellon Corp raised its holdings in BKV by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after acquiring an additional 6,209 shares during the period. Quantbot Technologies LP bought a new position in BKV in the 1st quarter valued at about $1,605,000. Geode Capital Management LLC raised its holdings in BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after acquiring an additional 45,989 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings 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 acquiring an additional 1,166 shares during the period.

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.