BKV Corporation (NYSE:BKV) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• BKV Corporation (NYSE:BKV) has an average recommendation of "Moderate Buy" from analysts, with one sell rating and eight buy ratings among nine covering brokerages.
• The average 12-month price target set by analysts for BKV is $27.8750, indicating potential upside from the current stock price.
• BKV reported earnings of $0.39 per share for the last quarter, significantly exceeding the analyst consensus estimate of $0.15 per share.

BKV Corporation (NYSE:BKV - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.8750.

Several analysts have recently weighed in on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of BKV in a research report on Saturday, September 27th. Barclays raised their price target on BKV from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Mizuho cut their price objective on BKV from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, September 15th.

BKV Stock Up 2.0%

Shares of NYSE BKV opened at $24.04 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $21.97 and a 200-day moving average of $21.24. The firm has a market capitalization of $2.04 billion and a price-to-earnings ratio of -120.20. BKV has a 12 month low of $15.00 and a 12 month high of $26.78.

BKV (NYSE:BKV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating 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 business had revenue of $322.04 million for the quarter, compared to the consensus estimate of $224.05 million. Sell-side analysts expect that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Transactions at BKV

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total transaction of $348,000.00. Following the transaction, the insider directly owned 176,341 shares in the company, valued at $4,091,111.20. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BKV

A number of institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC purchased a new position in BKV in the 2nd quarter worth $8,215,000. Police & Firemen s Retirement System of New Jersey grew its stake in shares of BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock valued at $102,000 after buying an additional 1,166 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company's stock worth $9,076,000 after buying an additional 45,989 shares during the period. Quantbot Technologies LP bought a new stake in shares of BKV in the 1st quarter valued at about $1,605,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 last quarter.

About BKV

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.

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