BKV (NYSE:BKV) Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded BKV from “strong sell” to “sell,” though the broader analyst consensus remains “Moderate Buy,” with eight Buy ratings, two Holds, and a $33.56 average price target.
• BKV reported quarterly EPS of $0.46, beating the $0.25 consensus estimate, while revenue of $465.54 million exceeded expectations of $355.25 million.
• The stock opened at $22.97, near the lower end of its 52-week range, while insiders sold 28,198 shares worth approximately $733,271 over the past 90 days.

BKV (NYSE:BKV - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on BKV. Raymond James Financial set a $29.00 price objective on BKV in a report on Tuesday. Weiss Ratings cut BKV from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday. Truist Financial lowered their price target on BKV from $34.00 to $33.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Citigroup dropped their price target on shares of BKV from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, June 11th. Finally, Zacks Research upgraded shares of BKV from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.56.

BKV Stock Up 0.8%

BKV stock opened at $22.97 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 8.38 and a beta of 1.06. BKV has a 1 year low of $20.08 and a 1 year high of $32.81. The company has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $26.84. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45.

BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.46 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 6.67%. The firm had revenue of $465.54 million for the quarter, compared to the consensus estimate of $355.25 million. Sell-side analysts anticipate that BKV will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David Tameron sold 1,500 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.63, for a total transaction of $38,445.00. Following the transaction, the chief financial officer owned 57,024 shares in the company, valued at approximately $1,461,525.12. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider directly owned 83,925 shares of the company's stock, valued at $2,195,478. This represents a 10.65% decrease in their position. 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 28,198 shares of company stock worth $733,271 in the last ninety days. Insiders own 2.51% of the company's stock.

Hedge Funds Weigh In On BKV

Several large investors have recently added to or reduced their stakes in BKV. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV in the 4th quarter valued at $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of BKV by 37.1% during 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 worth $823,000 after acquiring an additional 8,144 shares during the period. PEAK6 LLC acquired a new stake in shares of BKV during the 2nd quarter valued at about $270,000. Arizona State Retirement System acquired a new stake in shares of BKV during the 2nd quarter valued at about $289,000. Finally, IMC Chicago LLC increased its stake in BKV by 100.0% in the second quarter. IMC Chicago LLC now owns 24,205 shares of the company's stock valued at $662,000 after acquiring an additional 12,105 shares during the period.

BKV Company Profile

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV's activities are primarily concentrated in major U.S.

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