BKV Corporation (NYSE:BKV) Given Average Rating of “Buy” by Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $28.00.

Several research analysts have recently weighed in on BKV shares. Barclays lifted their price target on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. KeyCorp cut their price target on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Truist Financial decreased their price objective on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Mizuho increased their target price on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System purchased a new position in shares of BKV in the fourth quarter worth $26,000. SG Americas Securities LLC purchased a new stake in BKV in the 4th quarter worth $157,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter worth $170,000. Bank of New York Mellon Corp bought a new position in shares of BKV during the 4th quarter valued at about $695,000. Finally, Geode Capital Management LLC purchased a new position in shares of BKV during the fourth quarter valued at about $7,728,000.

BKV Price Performance

Shares of BKV opened at $21.12 on Thursday. BKV has a one year low of $17.39 and a one year high of $26.78. The business has a fifty day moving average price of $22.85.

BKV (NYSE:BKV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to the consensus estimate of $183.77 million. Equities research analysts predict that BKV will post -1.82 EPS for the current fiscal year.

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.