BKV Corporation (BKV) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is bullish: Eleven firms cover BKV, with eight Buy ratings, two Strong Buy ratings and one Hold. The average 12-month price target is $33.67, well above the reported $22.39 share price.
• BKV exceeded quarterly expectations, reporting $0.46 in EPS versus the $0.25 consensus estimate and revenue of $465.54 million versus $355.25 million expected. Analysts project full-year EPS of $1.54.
• Institutional ownership expanded as BlackRock and William Blair opened new positions, while other investors increased their stakes; meanwhile, insiders sold $901,589 of shares over the past 90 days, largely through pre-arranged trading plans.

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have received a consensus recommendation of "Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.67.

A number of analysts recently issued reports on the company. Raymond James Financial set a $29.00 price objective on BKV in a report on Tuesday, September 15th. Susquehanna cut their target price on BKV from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Tuesday, July 21st. Truist Financial lifted their target price on BKV from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen upgraded BKV from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Finally, Evercore upgraded BKV to a "strong-buy" rating in a research report on Friday, September 18th.

Insider Activity

In related news, CFO David Tameron sold 4,321 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.56, for a total transaction of $114,765.76. Following the completion of the transaction, the chief financial officer owned 58,524 shares of the company's stock, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider directly owned 83,925 shares of the company's stock, valued at approximately $2,195,478. This represents a 10.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 35,626 shares of company stock worth $901,589. 2.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of BKV in the second quarter worth $74,241,000. Cooper Creek Partners Management LLC grew its position in BKV by 24.7% during the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company's stock worth $59,984,000 after buying an additional 416,281 shares in the last quarter. William Blair Investment Management LLC purchased a new position in BKV during the second quarter worth about $32,689,000. Value Aligned Research Advisors LLC increased its stake in BKV by 110.5% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company's stock worth $18,602,000 after acquiring an additional 356,848 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in BKV in the 2nd quarter worth about $16,177,000.

BKV Price Performance

BKV opened at $22.39 on Friday. The firm has a 50-day moving average price of $24.14 and a 200-day moving average price of $25.89. BKV has a twelve month low of $20.08 and a twelve month high of $32.81. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 8.17 and a beta of 1.13.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. Equities analysts expect that BKV will post 1.54 EPS for the current year.

BKV Company Profile

BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.

BKV's activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.

Based in Denver, Colorado, BKV serves U.S.

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