BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of "Buy" from Brokerages

BKV Corporation (NYSE:BKV - Get Free Report) has been given a consensus recommendation of "Buy" by the eight analysts that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $28.00.

BKV has been the topic of a number of recent research reports. 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. Barclays upped their price objective on shares of BKV from $24.00 to $30.00 and gave the company an "overweight" rating in a research note 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 report on Tuesday, March 4th.

BKV Trading Up 1.4 %

Shares of BKV traded up $0.25 during midday trading on Monday, hitting $17.55. The company's stock had a trading volume of 226,764 shares, compared to its average volume of 476,114. BKV has a one year low of $15.00 and a one year high of $26.78. The company's fifty day simple moving average is $20.16 and its two-hundred day simple moving average is $21.08.

BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share 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. Equities analysts anticipate that BKV will post -1.82 EPS for the current fiscal year.

Insider Buying and Selling

In other BKV news, CFO David Tameron sold 5,000 shares of BKV stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $20.03, for a total transaction 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. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lindsay B. Larrick sold 15,000 shares of BKV stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total transaction of $316,050.00. Following the transaction, the insider now directly owns 245,528 shares in the company, valued at approximately $5,173,274.96. This represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,667 shares of company stock worth $851,490.

Institutional Investors Weigh In On BKV

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of BKV in the fourth quarter valued at approximately $157,000. Bank of New York Mellon Corp purchased a new stake in shares of BKV during the fourth quarter worth $695,000. Corebridge Financial Inc. bought a new position in shares of BKV in the fourth quarter worth $170,000. Geode Capital Management LLC purchased a new position in shares of BKV in the fourth quarter valued at $7,728,000. Finally, Driehaus Capital Management LLC bought a new stake in shares of BKV during the 4th quarter valued at $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.