Brokerages Set BKV Corporation (NYSE:BKV) Price Target at $28.00

Shares of BKV Corporation (NYSE:BKV) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.00.

BKV has been the topic of several analyst reports. Barclays increased their target price on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Truist Financial reduced their target price on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Mizuho increased their target price on 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 price objective on BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th.

BKV Trading Down 1.4 %

BKV stock opened at $20.78 on Thursday. The stock’s fifty day moving average price is $22.73. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $26.78.

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

Institutional Trading of BKV

Large investors have recently bought and sold shares of the business. Driehaus Capital Management LLC bought a new position in BKV in the fourth quarter valued at about $9,553,000. Geode Capital Management LLC bought a new position in BKV in the fourth quarter valued at about $7,728,000. Bank of New York Mellon Corp bought a new position in BKV in the fourth quarter valued at about $695,000. Corebridge Financial Inc. bought a new position in BKV in the fourth quarter valued at about $170,000. Finally, SG Americas Securities LLC bought a new position in BKV in the fourth quarter valued at about $157,000.

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.