BKV (NYSE:BKV) Price Target Cut to $25.00 by Analysts at KeyCorp

BKV (NYSE:BKV) had its price objective decreased by stock analysts at KeyCorp from $27.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 32.70% from the company’s current price.

BKV has been the topic of several other research reports. Truist Financial increased their price objective on shares of BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Barclays lifted their price target on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Mizuho increased their price objective on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Susquehanna lifted their price target on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.13.

BKV Price Performance

Shares of NYSE:BKV opened at $18.84 on Tuesday. The firm has a 50 day moving average price of $23.72. BKV has a 52-week low of $17.39 and a 52-week high of $26.78.

BKV (NYSE:BKV) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $183.77 million. On average, analysts anticipate that BKV will post -1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On BKV

Institutional investors and hedge funds have recently bought and sold shares of the business. Driehaus Capital Management LLC acquired a new stake in shares of BKV in the 4th quarter valued at $9,553,000. Geode Capital Management LLC acquired a new stake in shares of BKV in the fourth quarter worth about $7,728,000. Bank of New York Mellon Corp acquired a new position in shares of BKV during the 4th quarter valued at about $695,000. Corebridge Financial Inc. acquired a new stake in BKV in the 4th quarter worth approximately $170,000. Finally, SG Americas Securities LLC bought a new stake in BKV during the fourth quarter worth approximately $157,000.

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.