BKV Corporation (NYSE:BKV) Receives Average Rating of "Buy" from Analysts

Key Points

• BKV Corporation has received a consensus rating of "Buy" from eight covering analysts, with an average target price of $28.25 for the next year.
• Recent analysts have upgraded their price targets for BKV, with Evercore ISI raising it to $26.00 and Barclays to $30.00.
• The company reported a quarterly earnings per share of $0.39, exceeding the consensus estimate by $0.24 and generating revenues of $322.04 million during that quarter.

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $28.25.

BKV has been the topic of several recent analyst reports. Evercore ISI lifted their target price on BKV from $20.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Barclays lifted their price objective on shares of BKV from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, July 7th.

BKV Stock Up 2.4%

BKV opened at $22.12 on Thursday. The stock has a market cap of $1.87 billion and a price-to-earnings ratio of -110.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.56. The firm's fifty day moving average is $21.64 and its 200 day moving average is $20.91. BKV has a fifty-two week low of $15.00 and a fifty-two week high of $26.78.

BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.24. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%.The business had revenue of $322.04 million during the quarter, compared to analyst estimates of $224.05 million. On average, sell-side analysts forecast that BKV will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $21.62, for a total value of $216,200.00. Following the sale, the insider owned 200,528 shares in the company, valued at $4,335,415.36. The trade was a 4.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 20,100 shares of company stock valued at $449,870. 4.11% of the stock is owned by insiders.

Institutional Investors Weigh In On BKV

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new position in BKV during the 4th quarter valued at approximately $26,000. Quantbot Technologies LP bought a new position in shares of BKV during the 1st quarter valued at approximately $1,605,000. Bank of New York Mellon Corp grew its holdings in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock valued at $745,000 after purchasing an additional 6,209 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in BKV in the second quarter worth $8,215,000. Finally, Geode Capital Management LLC increased its position in 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 purchasing an additional 45,989 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.