BKV (NYSE:BKV) Price Target Lowered to $30.00 at Truist Financial

BKV (NYSE:BKV) had its price objective decreased by Truist Financial from $31.00 to $30.00 in a research note released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays raised their price target on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Mizuho raised their target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, KeyCorp reduced their target price on BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $28.00.

BKV Trading Up 2.1 %

BKV stock opened at $20.44 on Monday. The firm has a 50-day moving average price of $22.96. BKV has a 12-month low of $17.39 and a 12-month high of $26.78.

BKV (NYSE:BKV) last posted its quarterly 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 firm had revenue of $119.78 million during the quarter, compared to the consensus estimate of $183.77 million. As a group, equities analysts predict that BKV will post -1.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BKV

Several institutional investors have recently modified their holdings of BKV. SG Americas Securities LLC bought a new position in shares of BKV during the 4th quarter valued at about $157,000. Corebridge Financial Inc. acquired a new stake in BKV in the 4th quarter valued at approximately $170,000. Bank of New York Mellon Corp acquired a new stake in BKV in the 4th quarter valued at approximately $695,000. Geode Capital Management LLC acquired a new stake in BKV in the 4th quarter valued at approximately $7,728,000. Finally, Driehaus Capital Management LLC acquired a new stake in BKV in the 4th quarter valued at approximately $9,553,000.

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.