BKV (NYSE:BKV) Stock Price Down 4.5% – Time to Sell?

Shares of BKV Corporation (NYSE:BKV) were down 4.5% during mid-day trading on Wednesday . The company traded as low as $21.80 and last traded at $21.78. Approximately 132,164 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 420,432 shares. The stock had previously closed at $22.80.

Analyst Ratings Changes

BKV has been the topic of several analyst reports. Mizuho raised their price target 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 increased their target price on BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp increased their target price on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Susquehanna raised their target price on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, Barclays increased their price target on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $28.38.

BKV Stock Down 4.2 %

The firm has a 50-day moving average price of $23.91.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. Analysts predict that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On BKV

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

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.