BKV (NYSE:BKV) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of BKV (NYSE:BKV – Free Report) from a strong sell rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently weighed in on the stock. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 21st. Jefferies Financial Group reiterated a “buy” rating and set a $34.00 target price on shares of BKV in a research note on Friday, July 10th. Raymond James Financial set a $29.00 price target on BKV in a research note on Tuesday, September 15th. Barclays dropped their price target on BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Finally, Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.56.

Check Out Our Latest Report on BKV

BKV Trading Down 0.3%

BKV stock opened at $22.91 on Friday. BKV has a one year low of $20.08 and a one year high of $32.81. The business’s fifty day moving average is $24.92 and its 200 day moving average is $26.75. The stock has a market capitalization of $2.51 billion, a PE ratio of 8.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10.

BKV (NYSE:BKV – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The business had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. On average, sell-side analysts predict that BKV will post 1.62 EPS for the current year.

Insider Activity at BKV

In other BKV news, CFO David Tameron sold 1,500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $25.63, for a total value of $38,445.00. Following the transaction, the chief financial officer directly owned 57,024 shares in the company, valued at approximately $1,461,525.12. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider owned 83,925 shares in the company, valued at $2,195,478. This represents a 10.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,198 shares of company stock worth $733,271. 2.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On BKV

A number of institutional investors have recently bought and sold shares of BKV. Bank of New York Mellon Corp bought a new position in shares of BKV in the second quarter worth about $15,261,000. Value Aligned Research Advisors LLC grew its stake in shares of BKV by 110.5% during the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after acquiring an additional 356,848 shares during the period. William Blair Investment Management LLC bought a new position in shares of BKV during the 2nd quarter valued at approximately $32,689,000. BlackRock Inc. purchased a new stake in BKV in the 2nd quarter worth approximately $74,241,000. Finally, Oxbow Advisors LLC purchased a new stake in BKV in the 2nd quarter worth approximately $3,701,000.

About BKV

(Get Free Report)

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.

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