Truist Financial Has Lowered Expectations for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price objective reduced by Truist Financial from $31.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. KeyCorp lowered their price target on BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Barclays lifted their target price 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 lifted their target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $28.00.

BKV Trading Up 2.1 %

Shares of BKV stock opened at $20.44 on Monday. BKV has a 52-week low of $17.39 and a 52-week high of $26.78. The company has a 50 day moving average price of $22.96.

BKV (NYSE:BKV) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $183.77 million. Research analysts forecast that BKV will post -1.82 earnings per share for the current year.

Institutional Trading of BKV

Several institutional investors have recently added to or reduced their stakes in BKV. SG Americas Securities LLC bought a new stake in BKV in the 4th quarter valued at $157,000. Corebridge Financial Inc. bought a new stake in BKV in the 4th quarter valued at $170,000. Bank of New York Mellon Corp bought a new stake in BKV in the 4th quarter valued at $695,000. Geode Capital Management LLC bought a new stake in BKV in the 4th quarter valued at $7,728,000. Finally, Driehaus Capital Management LLC bought a new stake in BKV in the 4th quarter valued at $9,553,000.

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.