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

BKV Corporation (NYSE:BKV - Get Free Report) has earned a consensus recommendation of "Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.75.

BKV has been the topic of a number of recent research reports. Truist Financial dropped their price objective on BKV from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Barclays dropped their target price on BKV from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, KeyCorp dropped their target price on shares of BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th.

Insider Buying and Selling

In other BKV news, insider Ethan Ngo sold 21,667 shares of BKV stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $20.09, for a total value of $435,290.03. Following the sale, the insider now owns 286,008 shares of the company's stock, valued at approximately $5,745,900.72. The trade was a 7.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Tameron sold 5,000 shares of BKV stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total value of $100,150.00. Following the transaction, the chief financial officer now directly owns 47,779 shares of the company's stock, valued at $957,013.37. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,743 shares of company stock worth $1,330,777.

Hedge Funds Weigh In On BKV

A number of institutional investors and hedge funds have recently bought and sold shares of BKV. California State Teachers Retirement System bought a new stake in BKV in the 4th quarter valued at about $26,000. Bank of New York Mellon Corp raised its position 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 during the period. SG Americas Securities LLC acquired a new stake in BKV in the 4th quarter valued at approximately $157,000. Corebridge Financial Inc. acquired a new position in shares of BKV during the fourth quarter valued at about $170,000. Finally, Geode Capital Management LLC bought a new stake in BKV in the fourth quarter valued at about $7,728,000.

BKV Stock Up 6.6 %

Shares of BKV traded up $1.27 during midday trading on Friday, reaching $20.45. 592,646 shares of the stock were exchanged, compared to its average volume of 462,579. The stock's 50 day simple moving average is $18.77 and its 200 day simple moving average is $21.14. BKV has a twelve month low of $15.00 and a twelve month high of $26.78.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.26. The firm had revenue of $216.13 million during the quarter, compared to analyst estimates of $223.20 million. On average, equities analysts expect 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.