BKV Corporation (NYSE:BKV) Receives $28.00 Average PT from Brokerages

Shares of BKV Corporation (NYSE:BKV) have been given an average rating of “Buy” by the eight analysts that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.00.

BKV has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Barclays boosted their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Mizuho increased their target price 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, Truist Financial cut their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th.

BKV Stock Up 2.3 %

Shares of NYSE:BKV opened at $21.23 on Thursday. The business has a 50 day simple moving average of $22.68. BKV has a 52 week low of $17.39 and a 52 week high of $26.78.

BKV (NYSE:BKV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The company had revenue of $119.78 million during the quarter, compared to analysts’ expectations of $183.77 million. On average, sell-side analysts predict that BKV will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BKV. California State Teachers Retirement System acquired a new stake in shares of BKV during the fourth quarter worth $26,000. SG Americas Securities LLC purchased a new position in BKV in the 4th quarter worth $157,000. Corebridge Financial Inc. acquired a new stake in BKV during the 4th quarter worth about $170,000. Bank of New York Mellon Corp purchased a new stake in BKV during the 4th quarter valued at about $695,000. Finally, Geode Capital Management LLC acquired a new position in shares of BKV in the fourth quarter valued at about $7,728,000.

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.