BKV Corporation's Lock-Up Period To Expire on March 25th (NYSE:BKV)

BKV's (NYSE:BKV - Get Free Report) lock-up period is set to expire on Tuesday, March 25th. BKV had issued 15,000,000 shares in its public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

BKV has been the subject of a number of analyst reports. KeyCorp reduced their price objective on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Barclays lifted their target price on shares of BKV from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Mizuho raised their price target 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 lowered their price objective on BKV from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $28.00.

BKV Stock Performance

Shares of NYSE:BKV traded down $0.30 during trading on Friday, reaching $20.78. 135,897 shares of the company were exchanged, compared to its average volume of 464,932. The business's fifty day simple moving average is $22.80. BKV has a 12-month low of $17.39 and a 12-month high of $26.78.

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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 analysts' expectations of $183.77 million. Equities research analysts predict that BKV will post -1.82 EPS for the current fiscal year.

Institutional Trading of BKV

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Driehaus Capital Management LLC purchased a new position in shares of BKV during the 4th quarter valued at approximately $9,553,000. Geode Capital Management LLC acquired a new stake in shares of BKV during the 4th quarter valued at about $7,728,000. Bank of New York Mellon Corp purchased a new position in shares of BKV in the 4th quarter valued at about $695,000. Corebridge Financial Inc. acquired a new position in BKV in the 4th quarter worth about $170,000. Finally, SG Americas Securities LLC purchased a new position in shares of BKV during the 4th quarter valued at approximately $157,000.

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.