BKV Corporation (NYSE:BKV) Given Consensus Rating of "Buy" by Analysts

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have earned a consensus rating of "Buy" from the eight research firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.13.

Several equities analysts have recently weighed in on the company. KeyCorp reduced their price target on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Evercore ISI lifted their price objective on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Truist Financial reduced their price objective on BKV from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Barclays lifted their price objective on BKV from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, May 12th.

Insider Activity

In other BKV news, insider Ethan Ngo sold 64,998 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $23.00, for a total value of $1,494,954.00. Following the transaction, the insider now owns 112,675 shares of the company's stock, valued at $2,591,525. This represents a 36.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Tameron sold 4,409 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $17.94, for a total value of $79,097.46. Following the transaction, the chief financial officer now owns 43,370 shares in the company, valued at approximately $778,057.80. This represents a 9.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,775 shares of company stock valued at $4,997,603. 4.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BKV

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new stake in shares of BKV during the fourth quarter worth about $26,000. Bank of New York Mellon Corp lifted its holdings in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock worth $745,000 after purchasing an additional 6,209 shares during the period. Corebridge Financial Inc. acquired a new stake in shares of BKV during the fourth quarter worth about $170,000. Quantbot Technologies LP acquired a new stake in shares of BKV during the first quarter worth about $1,605,000. Finally, Geode Capital Management LLC acquired a new stake in shares of BKV during the fourth quarter worth about $7,728,000.

BKV Stock Performance

Shares of BKV stock opened at $24.53 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.39 and a current ratio of 0.41. BKV has a 52-week low of $15.00 and a 52-week high of $26.78. The company's 50 day moving average price is $21.44 and its 200-day moving average price is $21.70.

BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.26. The business had revenue of $216.13 million during the quarter, compared to analysts' expectations of $223.20 million. On average, sell-side analysts forecast that BKV will post -1.82 EPS for the current year.

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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