BKV (NYSE:BKV) Sets New 12-Month High – Here’s Why

BKV Corporation (NYSE:BKV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $24.93 and last traded at $24.78, with a volume of 122165 shares. The stock had previously closed at $24.38.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on BKV in a report on Monday, October 21st. They issued a “buy” rating and a $28.00 price target for the company. Evercore ISI assumed coverage on shares of BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price for the company. Truist Financial raised their price target on shares of BKV from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Mizuho boosted their price objective on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Susquehanna raised their target price on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $27.50.

BKV Stock Performance

The stock has a 50 day moving average of $22.73.

BKV (NYSE:BKV) last issued its earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.05. The firm had revenue of $173.09 million during the quarter, compared to analysts’ expectations of $173.67 million. On average, analysts predict that BKV Corporation will post -1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BKV

An institutional investor recently bought a new position in BKV stock. SG Americas Securities LLC purchased a new position in shares of BKV Corporation (NYSE:BKV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,593 shares of the company’s stock, valued at approximately $157,000.

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.