BKV (NYSE:BKV) Announces Earnings Results

BKV (NYSE:BKV) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11, Zacks reports.

BKV Price Performance

Shares of NYSE BKV traded down $1.35 during mid-day trading on Wednesday, reaching $21.45. 275,988 shares of the company’s stock were exchanged, compared to its average volume of 423,275. BKV has a twelve month low of $17.39 and a twelve month high of $26.78. The firm’s fifty day moving average is $23.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BKV shares. Truist Financial upped their price objective on BKV from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, February 14th. KeyCorp increased their target price on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Barclays lifted their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Mizuho raised their price objective on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Susquehanna boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.38.

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.