BKV (NYSE:BKV) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded BKV from a "hold" to a "sell" in a research report issued Saturday.
• Despite that downgrade, the MarketBeat consensus is a Moderate Buy with an average target price of $33.56, based on 1 Strong Buy, 8 Buy and 2 Hold ratings.
• BKV recently missed quarterly estimates—$0.29 EPS versus $0.37 expected and $259.9M revenue versus $268.1M—and its shares trade around $29 with a market cap of $3.18B and a PE of 14.9.

BKV (NYSE:BKV - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

A number of other brokerages have also weighed in on BKV. Truist Financial started coverage on BKV in a report on Tuesday, March 24th. They set a "buy" rating and a $37.00 price objective on the stock. Zacks Research raised BKV from a "strong sell" rating to a "hold" rating in a report on Thursday, April 16th. Citigroup reissued a "buy" rating and issued a $36.00 target price on shares of BKV in a report on Tuesday, March 10th. KeyCorp upped their target price on BKV from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Finally, Jefferies Financial Group lowered their target price on BKV from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.56.

BKV Trading Up 1.2%

Shares of BKV stock opened at $29.05 on Friday. The business's fifty day moving average price is $29.04 and its 200 day moving average price is $27.18. BKV has a 1-year low of $17.80 and a 1-year high of $32.81. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.78 and a quick ratio of 1.75.

BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. As a group, sell-side analysts forecast that BKV will post 2.22 EPS for the current fiscal year.

Insider Activity

In other news, CFO David Tameron sold 7,300 shares of the company's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer directly owned 61,925 shares in the company, valued at $1,839,791.75. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.12% of the stock is owned by corporate insiders.

Institutional Trading of BKV

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV during the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey lifted its position in BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock worth $155,000 after buying an additional 1,455 shares during the period. Strs Ohio purchased a new position in BKV during the third quarter worth about $278,000. SG Americas Securities LLC purchased a new position in BKV during the fourth quarter worth about $1,509,000. Finally, Cooper Creek Partners Management LLC lifted its position 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 buying an additional 121,082 shares during the period.

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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