BKV Corporation (NYSE:BKV) Receives Consensus Rating of “Buy” from Analysts

Shares of BKV Corporation (NYSE:BKV) have received an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $28.38.

A number of research firms recently weighed in on BKV. Susquehanna increased their price target on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. KeyCorp raised their price objective on BKV from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Mizuho raised their price objective on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays raised their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Truist Financial increased their target price on BKV from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, February 14th.

BKV Trading Down 6.4 %

Shares of BKV stock opened at $20.27 on Friday. BKV has a 12-month low of $17.39 and a 12-month high of $26.78. The business’s 50 day moving average is $23.87.

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

Hedge Funds Weigh In On BKV

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in BKV in the fourth quarter worth approximately $157,000. Corebridge Financial Inc. bought a new stake in BKV in the fourth quarter worth approximately $170,000. Bank of New York Mellon Corp bought a new stake in BKV in the fourth quarter worth approximately $695,000. Geode Capital Management LLC bought a new stake in BKV in the fourth quarter worth approximately $7,728,000. Finally, Driehaus Capital Management LLC bought a new stake in BKV in the fourth quarter worth approximately $9,553,000.

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.