BKV (NYSE:BKV) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded BKV from “strong sell” to “sell,” while broader analyst sentiment remains more favorable: eight analysts rate it Buy and two Hold, producing a “Moderate Buy” consensus with a $33.88 target price.
• BKV shares opened at $24.48, below the consensus target and down from their 50-day and 200-day moving averages. The stock has traded between $19.56 and $32.81 over the past year.
• The company exceeded quarterly expectations, reporting $0.46 in EPS versus a $0.25 consensus estimate and $465.54 million in revenue versus expectations of $355.25 million.

BKV (NYSE:BKV - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on the stock. Zacks Research upgraded shares of BKV from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Truist Financial lowered their target price on shares of BKV from $37.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group reiterated a "buy" rating and set a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Citigroup lowered their price objective on BKV from $36.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday, June 11th. Finally, Susquehanna reduced their target price on BKV from $37.00 to $35.00 and set a "positive" rating on the stock in a research report on Tuesday, July 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BKV currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.88.

BKV Stock Up 2.0%

BKV stock opened at $24.48 on Friday. BKV has a one year low of $19.56 and a one year high of $32.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. The firm's fifty day moving average is $25.53 and its 200 day moving average is $27.77. The firm has a market cap of $2.68 billion, a PE ratio of 8.93 and a beta of 1.08.

BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.95%. On average, research analysts forecast that BKV will post 1.48 EPS for the current year.

Insider Transactions at BKV

In other BKV news, insider Eric S. Jacobsen sold 25,000 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the transaction, the insider directly owned 227,843 shares in the company, valued at $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BKV

Several institutional investors have recently modified their holdings of BKV. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV in the fourth quarter valued at $52,000. Police & Firemen s Retirement System of New Jersey increased 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 valued at $155,000 after acquiring an additional 1,455 shares during the last quarter. IMC Chicago LLC raised its position in shares of BKV by 100.0% during the 2nd quarter. IMC Chicago LLC now owns 24,205 shares of the company's stock worth $662,000 after acquiring an additional 12,105 shares in the last quarter. Deutsche Bank AG purchased a new stake in BKV during the second quarter worth approximately $909,000. Finally, Cooper Creek Partners Management LLC lifted its stake in BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock worth $10,678,000 after purchasing an additional 121,082 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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.

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