Evercore ISI Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price target boosted by Evercore ISI from $20.00 to $26.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on BKV. KeyCorp cut their price target on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Barclays raised their price target on shares of BKV from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, May 12th. 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $28.13.

BKV Stock Performance

BKV stock opened at $21.48 on Friday. The firm’s fifty day simple moving average is $19.40 and its 200-day simple moving average is $21.45. BKV has a 1-year low of $15.00 and a 1-year high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings results on Friday, May 9th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. The business had revenue of $216.13 million for the quarter, compared to the consensus estimate of $223.20 million. On average, research analysts predict that BKV will post -1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the sale, the insider now directly owns 245,528 shares in the company, valued at $5,173,274.96. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David Tameron sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total transaction of $100,150.00. Following the completion of the sale, the chief financial officer now owns 47,779 shares in the company, valued at $957,013.37. This represents a 9.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 173,777 shares of company stock worth $3,602,199 in the last ninety days.

Institutional Trading of BKV

Several institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of BKV during the 1st quarter valued at about $1,605,000. Bank of New York Mellon Corp boosted its position in shares of BKV by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after acquiring an additional 6,209 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of BKV during the 4th quarter valued at about $26,000. Driehaus Capital Management LLC acquired a new stake in shares of BKV during the 4th quarter valued at about $9,553,000. Finally, Geode Capital Management LLC acquired a new stake in shares of BKV during the 4th quarter valued at about $7,728,000.

About BKV

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.