BKV (NYSE:BKV) Issues Quarterly Earnings Results

BKV (NYSE:BKV) issued its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11, Zacks reports. The business had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million.

BKV Stock Down 5.5 %

NYSE BKV opened at $21.55 on Thursday. BKV has a 12-month low of $17.39 and a 12-month high of $26.78. The firm has a 50-day simple moving average of $23.90.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lifted their price target on shares of BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Mizuho boosted their price objective 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. Susquehanna boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Truist Financial boosted their price objective on shares of BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, KeyCorp boosted their price objective on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $28.38.

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.