BKV Corporation (NYSE:BKV) Receives $28.00 Consensus Price Target from Analysts

by · The Cerbat Gem

BKV Corporation (NYSE:BKV – Get Free Report) has received an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $28.00.

A number of brokerages recently issued reports on BKV. Truist Financial lowered their price target on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 17th. KeyCorp reduced their price target on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays raised their price objective on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th.

View Our Latest Stock Analysis on BKV

Insider Buying and Selling

In other news, insider Lindsay B. Larrick sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the sale, the insider now owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ethan Ngo sold 21,667 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $20.09, for a total transaction of $435,290.03. Following the transaction, the insider now owns 286,008 shares in the company, valued at approximately $5,745,900.72. This trade represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,667 shares of company stock valued at $851,490 over the last quarter.

Institutional Investors Weigh In On BKV

Hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC purchased a new position in shares of BKV during the 4th quarter worth approximately $9,553,000. Geode Capital Management LLC acquired a new position in BKV during the fourth quarter worth $7,728,000. Bank of New York Mellon Corp purchased a new position in BKV in the fourth quarter worth $695,000. Corebridge Financial Inc. acquired a new stake in BKV in the fourth quarter valued at $170,000. Finally, SG Americas Securities LLC purchased a new stake in shares of BKV during the 4th quarter worth $157,000.

BKV Price Performance

Shares of NYSE:BKV opened at $17.55 on Monday. The company’s 50 day moving average is $20.16 and its two-hundred day moving average is $21.08. BKV has a 52 week low of $15.00 and a 52 week high of $26.78.

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

BKV Company Profile

(Get Free Report

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.

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