BKV (NYSE:BKV - Free Report) had its target price lowered by Truist Financial from $31.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. Mizuho raised their price target on BKV from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, December 16th. 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. Finally, KeyCorp dropped their price target on shares of BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $28.00.
View Our Latest Analysis on BKV
BKV Stock Down 1.4 %
NYSE:BKV traded down $0.30 during mid-day trading on Monday, hitting $20.78. The stock had a trading volume of 210,682 shares, compared to its average volume of 465,413. The stock's 50 day moving average is $22.80. BKV has a 52 week low of $17.39 and a 52 week high of $26.78.
BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $119.78 million for the quarter, compared to analyst estimates of $183.77 million. As a group, equities analysts anticipate that BKV will post -1.82 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System bought a new position in BKV during the fourth quarter worth $26,000. SG Americas Securities LLC acquired a new stake in BKV in the 4th quarter worth $157,000. Corebridge Financial Inc. bought a new position in shares of BKV during the 4th quarter worth about $170,000. Bank of New York Mellon Corp acquired a new position in shares of BKV during the fourth quarter valued at about $695,000. Finally, Geode Capital Management LLC acquired a new position in shares of BKV during the fourth quarter valued at about $7,728,000.
About BKV
(
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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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