BKV (NYSE:BKV) Price Target Lowered to $25.00 at KeyCorp

BKV (NYSE:BKV) had its price objective reduced by investment analysts at KeyCorp from $27.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 29.43% from the stock’s current price.

Other analysts also recently issued reports about the stock. Barclays boosted 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. Mizuho increased their price objective on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Truist Financial raised their price objective on BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Susquehanna raised their price target on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.13.

BKV Price Performance

BKV opened at $19.32 on Tuesday. The stock’s fifty day moving average is $23.84. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities research analysts forecast that BKV will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of BKV

A number of institutional investors have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC acquired a new position in shares of BKV during the 4th quarter worth $9,553,000. Geode Capital Management LLC acquired a new position in shares of BKV during the 4th quarter valued at about $7,728,000. Bank of New York Mellon Corp bought a new position in shares of BKV in the 4th quarter valued at approximately $695,000. Corebridge Financial Inc. acquired a new stake in BKV in the 4th quarter worth approximately $170,000. Finally, SG Americas Securities LLC bought a new stake in BKV during the fourth quarter worth 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.