BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give BKV a consensus “Moderate Buy” rating: Eight analysts rate the stock a buy, one a strong buy and two a hold. The average 12-month price target is $33.56, above the reported share price of $22.97.
• BKV exceeded quarterly expectations: The company reported earnings of $0.46 per share versus the $0.25 consensus estimate, while revenue reached $465.54 million compared with expectations of $355.25 million.
• Several analysts recently lowered their price targets, while company insiders sold 28,198 shares worth approximately $733,271 during the last quarter. Institutional investors, including Squarepoint Ops, also increased or initiated positions in BKV.

BKV Corporation (NYSE:BKV - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.5556.

BKV has been the topic of a number of analyst reports. Citigroup cut their price target on shares of BKV from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, June 11th. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a "positive" rating for the company in a report on Tuesday, July 21st. Truist Financial lowered their target price on shares of BKV from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of BKV from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Finally, Weiss Ratings cut shares of BKV from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, September 14th.

BKV Trading Up 0.0%

NYSE BKV opened at $22.97 on Monday. BKV has a 12 month low of $20.08 and a 12 month high of $32.81. The stock has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $26.80. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.51 billion, a PE ratio of 8.38 and a beta of 1.06.

BKV (NYSE:BKV - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for the quarter, compared to analysts' expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. Research analysts forecast that BKV will post 1.62 EPS for the current year.

Insider Buying and Selling

In related news, SVP Javier Hinojosa sold 12,377 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the sale, the senior vice president owned 84,276 shares of the company's stock, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of BKV stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total value of $38,445.00. Following the transaction, the chief financial officer owned 57,024 shares in the company, valued at approximately $1,461,525.12. This represents a 2.56% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 28,198 shares of company stock valued at $733,271. 2.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On BKV

Several institutional investors have recently modified their holdings of BKV. Squarepoint Ops LLC raised its position in BKV by 87.7% in the 2nd quarter. Squarepoint Ops LLC now owns 301,461 shares of the company's stock valued at $8,248,000 after buying an additional 140,835 shares during the last quarter. Arizona State Retirement System acquired a new position in BKV during the 2nd quarter worth approximately $289,000. HighTower Advisors LLC bought a new position in shares of BKV during the 2nd quarter worth approximately $677,000. Moore Capital Management LP acquired a new stake in shares of BKV in the second quarter valued at approximately $2,001,000. Finally, IMC Chicago LLC acquired a new stake in shares of BKV in the second quarter valued at approximately $662,000.

About BKV

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV's activities are primarily concentrated in major U.S.

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