BKV Corporation (NYSE:BKV) Receives Average Rating of “Buy” from Analysts

BKV Corporation (NYSE:BKV) has been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.38.

BKV has been the topic of several research analyst reports. Truist Financial boosted their price objective on BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays boosted their price objective on 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 target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. KeyCorp boosted their target price on BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna increased their target price on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a report on Wednesday, November 13th.

Institutional Trading of BKV

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in BKV during the fourth quarter valued at approximately $157,000. Corebridge Financial Inc. purchased a new position in shares of BKV in the fourth quarter worth $170,000. Bank of New York Mellon Corp purchased a new position in shares of BKV in the fourth quarter worth $695,000. Geode Capital Management LLC purchased a new position in shares of BKV in the fourth quarter worth $7,728,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of BKV in the fourth quarter worth $9,553,000.

BKV Stock Down 6.4 %

Shares of BKV stock opened at $20.27 on Friday. BKV has a 52 week low of $17.39 and a 52 week high of $26.78. The firm has a 50 day moving average price of $23.87.

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 the consensus estimate of ($0.10) by $0.11. The company had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. As a group, research analysts predict that BKV will post -1.82 EPS for the current year.

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.