Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $28.00

BKV Corporation (NYSE:BKV) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.00.

A number of analysts have commented on the stock. Truist Financial dropped their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Barclays boosted their target price on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, KeyCorp decreased their price target on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th.

BKV Price Performance

Shares of BKV stock opened at $17.32 on Monday. The business has a 50 day simple moving average of $20.30 and a 200 day simple moving average of $21.08. BKV has a 12-month low of $15.00 and a 12-month high of $26.78.

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

Insider Buying and Selling at BKV

In other news, CFO David Tameron sold 5,000 shares of BKV stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $20.03, for a total value of $100,150.00. Following the transaction, the chief financial officer now directly owns 47,779 shares of the company’s stock, valued at $957,013.37. This trade represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ethan Ngo sold 21,667 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total transaction of $435,290.03. Following the completion of the sale, the insider now owns 286,008 shares of the company’s stock, valued at approximately $5,745,900.72. This trade represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,667 shares of company stock valued at $851,490.

Institutional Trading of BKV

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in shares of BKV in the fourth quarter worth $26,000. Driehaus Capital Management LLC purchased a new position in BKV during the 4th quarter valued at about $9,553,000. Geode Capital Management LLC acquired a new position in shares of BKV in the 4th quarter valued at about $7,728,000. Corebridge Financial Inc. purchased a new stake in shares of BKV in the fourth quarter worth approximately $170,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BKV during the fourth quarter worth approximately $695,000.

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.