KeyCorp Issues Pessimistic Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its target price dropped by stock analysts at KeyCorp from $27.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 32.70% from the company’s previous close.

Other analysts also recently issued research reports about the company. Barclays upped their target price on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Susquehanna upped their target price on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Mizuho raised their price target on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Truist Financial raised their price objective on BKV from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, February 14th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has an average rating of “Buy” and an average target price of $28.13.

BKV Stock Down 1.7 %

Shares of BKV opened at $18.84 on Tuesday. The stock’s 50-day moving average price is $23.72. BKV has a one year low of $17.39 and a one year high of $26.78.

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

Hedge Funds Weigh In On BKV

A number of hedge funds have recently made changes to their positions in BKV. SG Americas Securities LLC acquired a new stake in shares of BKV in the fourth quarter valued at $157,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter valued at $170,000. Bank of New York Mellon Corp acquired a new stake in BKV during the 4th quarter worth approximately $695,000. Geode Capital Management LLC purchased a new position in BKV during the 4th quarter worth $7,728,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of 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.