BKV Corporation’s (NYSE:BKV) Lock-Up Period To End Tomorrow

BKV’s (NYSE:BKV) lock-up period is set to end on Tuesday, March 25th. BKV had issued 15,000,000 shares in its IPO on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

BKV has been the topic of several research reports. KeyCorp dropped their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Truist Financial cut their price target on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Barclays upped their price objective on BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Mizuho raised their target price on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $28.00.

BKV Stock Performance

Shares of BKV stock opened at $20.78 on Monday. BKV has a 1-year low of $17.39 and a 1-year high of $26.78. The firm’s fifty day simple moving average is $22.73.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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. On average, research analysts forecast that BKV will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKV. Driehaus Capital Management LLC acquired a new stake in BKV in the fourth quarter worth approximately $9,553,000. Geode Capital Management LLC bought a new stake in shares of BKV in the 4th quarter worth $7,728,000. Bank of New York Mellon Corp acquired a new stake in shares of BKV in the fourth quarter valued at $695,000. Corebridge Financial Inc. bought a new position in BKV during the fourth quarter valued at about $170,000. Finally, SG Americas Securities LLC acquired a new position in BKV during the fourth quarter worth about $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.