Mizuho Issues Pessimistic Forecast for BKV (NYSE:BKV) Stock Price

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 - Get Free Report) had its price objective reduced by stock analysts at Mizuho from $35.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target suggests a potential upside of 36.83% from the stock's previous close.

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

BKV Stock Down 0.8%

BKV stock traded down $0.18 during trading on Monday, hitting $21.93. 65,416 shares of the company were exchanged, compared to its average volume of 400,820. The business's 50 day moving average is $21.62 and its 200 day moving average is $20.90. BKV has a 52 week low of $15.00 and a 52 week high of $26.78. The company has a market capitalization of $1.86 billion and a P/E ratio of -109.60. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.

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

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 10,000 shares of the business's 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 transaction, the insider owned 200,528 shares in the company, valued at $4,335,415.36. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 20,100 shares of company stock valued at $449,870 in the last three months. 4.11% of the stock is owned by insiders.

Institutional Trading of BKV

A number of hedge funds have recently bought and sold shares of BKV. Cooper Creek Partners Management LLC purchased a new stake in BKV during the second quarter valued at $8,215,000. Quantbot Technologies LP purchased a new stake in BKV in the first quarter worth about $1,605,000. Geode Capital Management LLC increased its position 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 buying an additional 45,989 shares in the last quarter. Bank of New York Mellon Corp increased its position in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock worth $745,000 after buying an additional 6,209 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of 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 acquiring an additional 1,166 shares during the period.

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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