BKV Corporation (NYSE:BKV) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• BKV Corporation has received a consensus recommendation of "Buy" from eight analysts, with an average target price of $28.25 for the stock over the next year.
• Insider trading activity includes significant recent sales, with a total of 126,448 shares sold by insiders valued at approximately $2.85 million over the last three months.
• BKV reported earnings of $0.39 per share in the latest quarter, surpassing analyst expectations and generating revenue of $322.04 million compared to estimates of $224.05 million.

BKV Corporation (NYSE:BKV - Get Free Report) has been given a consensus rating of "Buy" by the eight brokerages that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.25.

A number of research firms have weighed in on BKV. Barclays boosted their target price on shares of BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Evercore ISI boosted their target price on shares of BKV from $20.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, May 30th.

Insiders Place Their Bets

In related news, insider Ethan Ngo sold 64,998 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $23.00, for a total transaction of $1,494,954.00. Following the transaction, the insider owned 112,675 shares in the company, valued at $2,591,525. The trade was a 36.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $216,200.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 95,098 shares of company stock worth $2,161,324 in the last quarter. 4.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKV. Driehaus Capital Management LLC acquired a new position in BKV during the fourth quarter worth $9,553,000. Cooper Creek Partners Management LLC bought a new stake in shares of BKV in the 2nd quarter worth $8,215,000. Geode Capital Management LLC bought a new stake in shares of BKV in the 4th quarter worth $7,728,000. Quantbot Technologies LP bought a new stake in shares of BKV in the 1st quarter worth $1,605,000. Finally, Bank of New York Mellon Corp grew 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 worth $745,000 after acquiring an additional 6,209 shares in the last quarter.

BKV Trading Up 2.0%

BKV traded up $0.4350 during trading on Friday, reaching $22.1750. 136,480 shares of the company's stock were exchanged, compared to its average volume of 360,847. BKV has a one year low of $15.00 and a one year high of $26.78. 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 stock has a market capitalization of $1.88 billion and a PE ratio of -110.88. The firm has a fifty day moving average price of $22.00 and a two-hundred day moving average price of $21.06.

BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, topping 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 firm had revenue of $322.04 million for the quarter, compared to analyst estimates of $224.05 million. As a group, equities research analysts forecast that BKV will post -1.82 earnings per share for the current fiscal 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.