BKV Corporation (NYSE:BKV - Get Free Report) shares fell 5.5% during trading on Wednesday after KeyCorp lowered their price target on the stock from $27.00 to $25.00. KeyCorp currently has an overweight rating on the stock. BKV traded as low as $18.08 and last traded at $18.13. 188,313 shares traded hands during trading, a decline of 60% from the average session volume of 471,618 shares. The stock had previously closed at $19.17.
Other research analysts have also issued research reports about the stock. Susquehanna increased their price target on shares of BKV from $24.00 to $25.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of BKV from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Truist Financial increased their price target on shares of BKV from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Barclays raised their target price 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BKV has an average rating of "Buy" and a consensus target price of $28.13.
Get Our Latest Research Report on BKV
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in BKV in the 4th quarter valued at $9,553,000. Geode Capital Management LLC acquired a new stake in BKV in the 4th quarter worth $7,728,000. Corebridge Financial Inc. acquired a new stake in BKV in the 4th quarter worth $170,000. Bank of New York Mellon Corp acquired a new stake in BKV in the 4th quarter worth $695,000. Finally, SG Americas Securities LLC acquired a new stake in BKV in the 4th quarter worth $157,000.
BKV Trading Up 1.4 %
The stock has a 50-day simple moving average of $23.47.
BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.11. The company had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million. On average, equities research analysts forecast that BKV Corporation will post -1.82 EPS for the current year.
BKV Company Profile
(
Get Free Report)
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.
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