BKV Corporation’s (NYSE:BKV) Lock-Up Period Set To End on March 25th

BKV’s (NYSE:BKV) lock-up period will end on Tuesday, March 25th. BKV had issued 15,000,000 shares in its public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial lowered their price target on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Mizuho upped their price target on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. KeyCorp lowered their price target on BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Finally, Barclays upped their price target on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $28.00.

BKV Stock Performance

Shares of NYSE:BKV opened at $20.78 on Friday. The company’s fifty day moving average is $22.73. BKV has a one year low of $17.39 and a one year high of $26.78.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new position in shares of BKV during the 4th quarter worth $26,000. SG Americas Securities LLC purchased a new position in shares of BKV in the 4th quarter worth $157,000. Corebridge Financial Inc. purchased a new position in shares of BKV in the 4th quarter worth $170,000. Bank of New York Mellon Corp purchased a new position in shares of BKV in the 4th quarter worth $695,000. Finally, Geode Capital Management LLC purchased a new position in shares of BKV in the 4th quarter worth $7,728,000.

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.