BKV Corporation (NYSE:BKV) Receives Consensus 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.

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have been given an average recommendation of "Buy" by the eight analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.25.

Several equities research analysts recently commented on the company. 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. Barclays raised their target price on BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th.

Insiders Place Their Bets

In other news, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $21.62, for a total transaction of $216,200.00. Following the transaction, the insider directly owned 200,528 shares of the company's stock, valued at $4,335,415.36. The trade was a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eric S. Jacobsen sold 31,350 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $22.02, for a total value of $690,327.00. Following the completion of the transaction, the insider directly owned 257,903 shares in the company, valued at approximately $5,679,024.06. This represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,448 shares of company stock valued at $2,851,651. Insiders own 4.11% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BKV. Driehaus Capital Management LLC purchased a new position in BKV in the 4th quarter worth approximately $9,553,000. Cooper Creek Partners Management LLC purchased a new position in BKV in the 2nd quarter worth approximately $8,215,000. Geode Capital Management LLC purchased a new position in BKV in the 4th quarter worth approximately $7,728,000. Quantbot Technologies LP purchased a new position in BKV in the 1st quarter worth approximately $1,605,000. Finally, Bank of New York Mellon Corp lifted its holdings in 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 purchasing an additional 6,209 shares in the last quarter.

BKV Stock Up 0.0%

Shares of BKV opened at $21.42 on Friday. BKV has a 1 year low of $15.00 and a 1 year high of $26.78. The stock has a 50 day simple moving average of $22.09 and a two-hundred day simple moving average of $21.12. The firm has a market cap of $1.81 billion and a P/E ratio of -107.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.39.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. On average, analysts forecast that BKV will post -1.82 earnings per share for the current fiscal year.

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.

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