Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $27.50

BKV Corporation (NYSE:BKV) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.25.

A number of equities analysts recently issued reports on BKV shares. Barclays raised their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho boosted their price objective on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Jefferies Financial Group started coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $28.00 price target on the stock. Evercore ISI initiated coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Citigroup assumed coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 price target on the stock.

Hedge Funds Weigh In On BKV

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC bought a new position in shares of BKV Corporation (NYSE:BKV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,593 shares of the company’s stock, valued at approximately $157,000.

BKV Trading Down 1.8 %

Shares of BKV stock opened at $24.47 on Wednesday. The firm’s fifty day simple moving average is $23.30. BKV has a 1 year low of $17.39 and a 1 year high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.05. The company had revenue of $173.09 million for the quarter, compared to analysts’ expectations of $173.67 million. As a group, sell-side analysts expect that BKV will post -1.77 EPS for the current fiscal year.

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.