BKV Corporation (NYSE:BKV) Stock Has Consensus Price Target of $33.33 According to Brokerages

BKV Corporation (NYSE:BKV) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.33.

Several brokerages have recently weighed in on BKV. Truist Financial lowered their target price on BKV from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday. Susquehanna reduced their price objective on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Wall Street Zen downgraded BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Zacks Research cut shares of BKV from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Finally, Evercore upgraded shares of BKV to a “strong-buy” rating in a report on Friday, September 18th.

Insider Activity

In other news, SVP Javier Hinojosa sold 4,952 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $20.91, for a total transaction of $103,546.32. Following the sale, the senior vice president owned 71,896 shares of the company’s stock, valued at $1,503,345.36. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $25.63, for a total transaction of $38,445.00. Following the completion of the transaction, the chief financial officer owned 57,024 shares of the company’s stock, valued at $1,461,525.12. This trade represents a 2.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 30,578 shares of company stock worth $743,536. 2.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On BKV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its position in 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 buying an additional 782 shares in the last quarter. Covestor Ltd grew its holdings in shares of BKV by 36.4% in the 3rd quarter. Covestor Ltd now owns 3,454 shares of the company’s stock valued at $74,000 after acquiring an additional 921 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of BKV by 37.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock valued at $823,000 after acquiring an additional 8,144 shares in the last quarter. HighTower Advisors LLC increased its position in shares of BKV by 33.6% in the third quarter. HighTower Advisors LLC now owns 33,043 shares of the company’s stock valued at $705,000 after acquiring an additional 8,308 shares during the last quarter. Finally, PEAK6 LLC acquired a new stake in shares of BKV in the second quarter valued at about $270,000.

BKV Trading Up 0.4%

Shares of BKV stock opened at $19.31 on Tuesday. The firm’s 50 day moving average price is $22.16 and its two-hundred day moving average price is $26.15. The company has a quick ratio of 3.18, a current ratio of 3.25 and a debt-to-equity ratio of 0.83. BKV has a fifty-two week low of $17.47 and a fifty-two week high of $32.81. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 9.15 and a beta of 1.13.

BKV (NYSE:BKV) last released 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 company had revenue of $478.37 million for the quarter, compared to analyst estimates of $395.18 million. BKV had a return on equity of 6.12% and a net margin of 12.87%. On average, analysts anticipate that BKV will post 1.37 EPS for the current year.

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.