Truist Financial Forecasts Strong Price Appreciation for BKV (NYSE:BKV) Stock

BKV (NYSE:BKV) had its target price upped by Truist Financial from $30.00 to $31.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Susquehanna upped their price objective on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Evercore ISI initiated coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 price target for the company. Mizuho increased their price target on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. KeyCorp increased their price target on BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $28.00 price target for the company. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $28.38.

BKV Stock Down 1.3 %

NYSE:BKV opened at $23.68 on Friday. BKV has a one year low of $17.39 and a one year high of $26.78. The business has a fifty day moving average of $23.78.

BKV (NYSE:BKV) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.05. The company had revenue of $173.09 million during the quarter, compared to analysts’ expectations of $173.67 million. Sell-side analysts expect that BKV will post -1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.