Barclays Forecasts Strong Price Appreciation for BKV (NYSE:BKV) Stock

BKV (NYSE:BKV) had its price target raised by research analysts at Barclays from $24.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 22.58% from the stock’s current price.

A number of other analysts also recently issued reports on BKV. Evercore ISI assumed coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 price objective on the stock. Citigroup initiated coverage on BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $29.00 price objective for the company. Jefferies Financial Group initiated coverage on BKV in a research report on Monday, October 21st. They set a “buy” rating and a $28.00 target price on the stock. KeyCorp lifted their price objective on shares of BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Mizuho upped their price objective on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $28.25.

BKV Stock Performance

NYSE BKV opened at $24.47 on Thursday. BKV has a 12 month low of $17.39 and a 12 month high of $26.78. The business has a 50 day simple moving average of $23.30.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC bought a new position in BKV Corporation (NYSE:BKV) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,593 shares of the company’s stock, valued at 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.