BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of BKV Corporation (NYSE:BKV) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $27.50.

BKV has been the topic of a number of research reports. Mizuho raised 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. Susquehanna raised their price target on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Evercore ISI began coverage on shares of BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $24.00 price objective for the company. Truist Financial raised their price objective on shares of BKV from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group began coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC acquired a new position in shares of BKV Corporation (NYSE:BKV) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,593 shares of the company’s stock, valued at approximately $157,000.

BKV Stock Performance

Shares of BKV stock opened at $24.87 on Wednesday. BKV has a 1 year low of $17.39 and a 1 year high of $26.78. The business’s 50-day moving average price is $23.10.

BKV (NYSE:BKV) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.05. The company had revenue of $173.09 million for the quarter, compared to analysts’ expectations of $173.67 million. Analysts predict that BKV will post -1.77 earnings per share 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.