BKV (NYSE:BKV) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded BKV from “hold” to “strong buy.” Overall, analysts maintain a “buy” consensus with a $33.56 average price target versus the stock’s $23.68 opening price.
• BKV’s latest quarterly results exceeded expectations, with earnings of $0.46 per share versus the $0.25 consensus estimate and revenue of $465.54 million versus forecasts of $355.25 million.
• Insiders sold 35,626 shares worth approximately $901,589 over the past three months, while several institutional investors established new positions during the second quarter.

BKV (NYSE:BKV - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday, Zacks reports.

A number of other brokerages have also recently weighed in on BKV. Raymond James Financial set a $29.00 price target on BKV in a research report on Tuesday, September 15th. Weiss Ratings downgraded BKV from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, September 14th. Citigroup dropped their target price on BKV from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, June 11th. Wall Street Zen upgraded BKV from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Finally, Truist Financial reduced their price target on shares of BKV from $34.00 to $33.00 and set a "buy" rating for the company in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $33.56.

BKV Price Performance

Shares of NYSE:BKV opened at $23.68 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. BKV has a fifty-two week low of $20.08 and a fifty-two week high of $32.81. The firm has a 50-day simple moving average of $24.16 and a 200 day simple moving average of $26.14. The company has a market cap of $2.59 billion, a PE ratio of 8.64 and a beta of 1.13.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share 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 analyst estimates of $355.25 million. On average, sell-side analysts anticipate that BKV will post 1.62 EPS for the current year.

Insider Transactions at BKV

In other BKV news, CFO David Tameron sold 4,321 shares of BKV stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76. Following the sale, the chief financial officer owned 58,524 shares of the company's stock, valued at $1,554,397.44. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal filing 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 the business's stock in a transaction on 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 owned 83,925 shares of the company's stock, valued at $2,195,478. This trade represents a 10.65% 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 three months, insiders sold 35,626 shares of company stock worth $901,589. Company insiders own 2.51% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKV. PEAK6 LLC bought a new stake in shares of BKV during the second quarter valued at about $270,000. Arizona State Retirement System acquired a new position in BKV during the 2nd quarter valued at about $289,000. Jupiter Topco LLC bought a new stake in shares of BKV during the 2nd quarter worth about $446,000. The Manufacturers Life Insurance Company bought a new stake in shares of BKV during the 2nd quarter worth about $479,000. Finally, Legal & General Group Plc acquired a new stake in shares of BKV in the 2nd quarter worth approximately $490,000.

BKV Company Profile

BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.

BKV's activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.

Based in Denver, Colorado, BKV serves U.S.

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