BKV Corporation (NYSE:BKV) Receives Consensus Rating of “Buy” from Brokerages

BKV Corporation (NYSE:BKV) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $28.25.

A number of brokerages have commented on BKV. Susquehanna lifted their price target on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. KeyCorp lifted their price target on BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Evercore ISI began coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 price target on the stock. Truist Financial lifted their price target on BKV from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Barclays lifted their price target on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th.

BKV Stock Down 1.1 %

NYSE:BKV opened at $24.23 on Wednesday. The stock has a 50 day moving average price of $23.41. BKV has a 1-year low of $17.39 and a 1-year high of $26.78.

BKV (NYSE:BKV) last released its earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The firm had revenue of $173.09 million during the quarter, compared to the consensus estimate of $173.67 million. On average, equities analysts forecast that BKV will post -1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On BKV

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC purchased a new position in BKV Corporation (NYSE:BKV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,593 shares of the company’s stock, valued at approximately $157,000.

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.