BKV (NYSE:BKV) Price Target Raised to $31.00 at Truist Financial

BKV (NYSE:BKV) had its price target lifted by Truist Financial from $30.00 to $31.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 30.85% from the company’s current price.

A number of other research analysts have also recently commented on BKV. Mizuho increased their price target on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Citigroup initiated coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 price target on the stock. Evercore ISI initiated coverage on shares of BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price on the stock. Jefferies Financial Group began coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Susquehanna lifted their target price 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.38.

BKV Stock Performance

BKV stock traded down $0.31 during midday trading on Friday, reaching $23.69. The stock had a trading volume of 30,824 shares, compared to its average volume of 436,151. BKV has a 1-year low of $17.39 and a 1-year high of $26.78. The company’s fifty day moving average is $23.71.

BKV (NYSE:BKV) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.05. The business had revenue of $173.09 million during the quarter, compared to analyst estimates of $173.67 million. As a group, equities research analysts predict that BKV will post -1.77 EPS for the current year.

Hedge Funds Weigh In On BKV

Several hedge funds and other institutional investors have recently bought and sold shares of BKV. SG Americas Securities LLC purchased a new position in shares of BKV during the fourth quarter worth $157,000. Corebridge Financial Inc. purchased a new stake in shares of BKV in the fourth quarter worth about $170,000. Bank of New York Mellon Corp acquired a new stake in BKV during the fourth quarter worth about $695,000. Finally, Geode Capital Management LLC purchased a new position in BKV during the fourth quarter valued at approximately $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.