BKV Corporation (NYSE:BKV) Given Consensus Recommendation of “Buy” by Analysts

BKV Corporation (NYSE:BKV) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $28.00.

Several brokerages have recently weighed in on BKV. Mizuho increased their price objective on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Truist Financial decreased their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. KeyCorp cut their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays upped their price objective on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th.

Insider Activity

In other news, insider Lindsay B. Larrick sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the transaction, the insider now owns 245,528 shares of the company’s stock, valued at $5,173,274.96. This represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Tameron sold 5,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total value of $100,150.00. Following the sale, the chief financial officer now owns 47,779 shares of the company’s stock, valued at $957,013.37. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,667 shares of company stock worth $851,490 in the last three months.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC bought a new stake in shares of BKV during the fourth quarter valued at approximately $9,553,000. Geode Capital Management LLC purchased a new position in BKV during the fourth quarter valued at $7,728,000. Bank of New York Mellon Corp bought a new stake in BKV in the 4th quarter valued at $695,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter worth $170,000. Finally, SG Americas Securities LLC bought a new position in shares of BKV during the 4th quarter valued at about $157,000.

BKV Trading Up 2.0 %

Shares of BKV opened at $16.49 on Monday. The firm has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $21.17. BKV has a 1-year low of $15.00 and a 1-year high of $26.78.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. As a group, analysts forecast that BKV will post -1.82 earnings per share for the current fiscal year.

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.