Mizuho Cuts BKV (NYSE:BKV) Price Target to $30.00

Key Points

• Mizuho has lowered its price target for BKV stock from $35.00 to $30.00, indicating a potential upside of 36.83% from the stock's previous close.
• BKV's stock price decreased by 0.8% during trading, reaching $21.93, with a market capitalization of $1.86 billion.
• Insider activity includes the sale of 10,000 shares by insider Lindsay B. Larrick, representing a 4.75% decrease in their ownership of BKV stock.

BKV (NYSE:BKV - Free Report) had its price target decreased by Mizuho from $35.00 to $30.00 in a research report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

BKV has been the subject of a number of other reports. Evercore ISI increased their target price on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays increased their target price on BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BKV currently has a consensus rating of "Buy" and an average target price of $27.88.

BKV Price Performance

Shares of BKV traded down $0.77 during mid-day trading on Monday, reaching $21.42. The company had a trading volume of 1,193,333 shares, compared to its average volume of 403,402. BKV has a twelve month low of $15.00 and a twelve month high of $26.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52. The company's 50-day moving average is $21.60 and its 200-day moving average is $20.95. The company has a market capitalization of $1.81 billion and a P/E ratio of -107.10.

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

Insider Activity at BKV

In other news, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $21.62, for a total value of $216,200.00. Following the completion of the sale, the insider directly owned 200,528 shares of the company's stock, valued at approximately $4,335,415.36. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 20,100 shares of company stock valued at $449,870. 4.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BKV

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in shares of BKV in the 4th quarter valued at $26,000. Quantbot Technologies LP bought a new position in shares of BKV in the 1st quarter worth $1,605,000. Bank of New York Mellon Corp boosted its position in shares of BKV by 21.2% in the 1st 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 during the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of BKV in the 2nd quarter worth $8,215,000. Finally, Geode Capital Management LLC boosted its position in shares of BKV by 13.9% in the 2nd 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 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.