BKV (NYSE:BKV) Price Target Cut to $30.00 by Analysts at Truist Financial

BKV (NYSE:BKV) had its price objective dropped by Truist Financial from $31.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 45.14% from the stock’s previous close.

A number of other brokerages also recently commented on BKV. Barclays boosted their target price on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Mizuho boosted their target price on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, KeyCorp reduced their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $28.00.

BKV Stock Up 1.2 %

BKV stock opened at $20.67 on Monday. The company has a 50-day moving average price of $22.91. BKV has a 1-year low of $17.39 and a 1-year high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.11. The firm had revenue of $119.78 million during the quarter, compared to the consensus estimate of $183.77 million. On average, sell-side analysts anticipate that BKV will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On BKV

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System purchased a new stake in BKV in the 4th quarter worth approximately $26,000. SG Americas Securities LLC purchased a new stake in BKV in the 4th quarter worth approximately $157,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter worth approximately $170,000. Bank of New York Mellon Corp purchased a new position in shares of BKV during the 4th quarter valued at approximately $695,000. Finally, Geode Capital Management LLC purchased a new position in shares of BKV during the 4th quarter valued at approximately $7,728,000.

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.