BKV Corporation’s (NYSE:BKV) Lock-Up Period Set To Expire on March 25th

BKV’s (NYSE:BKV) lock-up period will end on Tuesday, March 25th. BKV had issued 15,000,000 shares in its initial public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. KeyCorp cut their price target on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Truist Financial cut their price target on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday. Mizuho lifted their price objective on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Barclays lifted their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $28.00.

BKV Stock Performance

NYSE BKV opened at $21.12 on Thursday. The business has a 50 day simple moving average of $22.85. BKV has a 12 month low of $17.39 and a 12 month high of $26.78.

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

Institutional Inflows and Outflows

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

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.