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

Key Points

• Moderate Buy consensus from 11 analysts (8 buy, 2 hold, 1 strong buy) with an average 1‑year price target of $33.56.
• BKV missed its recent quarter, reporting $0.29 EPS vs. $0.37 expected and revenue of $259.91M vs. $268.05M, while analysts forecast full‑year EPS of 2.22.
• Shares opened at $28.71, trading in a 52‑week range of $17.80–$32.81 with a P/E of 14.72 and market cap ≈$3.14B, and the CFO sold 7,300 shares on March 27, reducing his stake by 10.55%.

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $33.5556.

Several research firms recently commented on BKV. Wall Street Zen upgraded BKV from a "sell" rating to a "hold" rating in a research report on Sunday, March 29th. Roth Mkm restated a "buy" rating and set a $32.00 target price on shares of BKV in a research report on Thursday, February 5th. Truist Financial began coverage on BKV in a research report on Tuesday, March 24th. They set a "buy" rating and a $37.00 target price for the company. Jefferies Financial Group reduced their target price on BKV from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of BKV in a research report on Monday, December 29th.

BKV Price Performance

BKV stock opened at $28.71 on Friday. BKV has a 52 week low of $17.80 and a 52 week high of $32.81. The business has a 50-day simple moving average of $29.07 and a 200 day simple moving average of $27.14. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 14.72 and a beta of 1.64.

BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to analysts' expectations of $268.05 million. On average, research analysts forecast that BKV will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David Tameron sold 7,300 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the transaction, the chief financial officer directly owned 61,925 shares in the company, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.12% of the company's stock.

Hedge Funds Weigh In On BKV

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock worth $155,000 after purchasing an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in BKV during the 4th quarter valued at about $52,000. Strs Ohio purchased a new stake in BKV during the 3rd quarter valued at about $278,000. SG Americas Securities LLC purchased a new stake in BKV during the 4th quarter valued at about $1,509,000. Finally, Cooper Creek Partners Management LLC boosted its holdings in BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock valued at $10,678,000 after acquiring an additional 121,082 shares during the period.

BKV Company Profile

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.

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