BKV's (BKV) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• BKV has been assigned a "Sell (D-)" rating by Weiss Ratings, indicating potential investment concerns.
• Despite the "Sell" rating, seven analysts have a "Buy" rating on BKV, with an average price target of $27.88.
• BKV's stock price decreased by 2.4% to $23.75, with a market cap of approximately $2.01 billion.

BKV (NYSE:BKV - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

BKV has been the subject of a number of other reports. Barclays lifted their price target on BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Mizuho decreased their price target on BKV from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

BKV Stock Down 2.4%

BKV traded down $0.58 on Wednesday, hitting $23.75. 384,362 shares of the company were exchanged, compared to its average volume of 407,968. BKV has a twelve month low of $15.00 and a twelve month high of $26.78. The company has a market cap of $2.01 billion and a price-to-earnings ratio of -118.75. 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 firm has a 50-day moving average price of $22.12 and a two-hundred day moving average price of $21.28.

BKV (NYSE:BKV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.15 by $0.24. The firm had revenue of $322.04 million during the quarter, compared to analysts' expectations of $224.05 million. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%. On average, equities analysts predict that BKV will post -1.82 earnings per share for the current year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $23.20, for a total transaction of $348,000.00. Following the sale, the insider owned 176,341 shares in the company, valued at approximately $4,091,111.20. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.11% of the company's stock.

Institutional Trading of BKV

Several large investors have recently modified their holdings of BKV. Geode Capital Management LLC grew its stake in BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company's stock worth $9,076,000 after purchasing an additional 45,989 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of BKV during the second quarter worth approximately $8,215,000. Quantbot Technologies LP bought a new stake in BKV during the first quarter worth approximately $1,605,000. Bank of New York Mellon Corp raised its holdings in BKV by 21.2% during the first 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. Finally, Police & Firemen s Retirement System of New Jersey grew its position in BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock worth $102,000 after buying an additional 1,166 shares during the last quarter.

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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