Truist Financial Issues Pessimistic Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price target cut by equities research analysts at Truist Financial from $31.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 49.45% from the stock’s previous close.

BKV has been the topic of a number of other research reports. KeyCorp decreased their price target 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. Barclays lifted their price target on shares of 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 price target on shares of 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, BKV has an average rating of “Buy” and a consensus price target of $28.00.

BKV Stock Performance

Shares of BKV stock opened at $20.07 on Monday. The business has a fifty day moving average of $23.02. BKV has a 1 year low of $17.39 and a 1 year high of $26.78.

BKV (NYSE:BKV) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) 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, sell-side analysts anticipate that BKV will post -1.82 earnings per share for the current year.

Hedge Funds Weigh In On BKV

A number of large investors have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in BKV during the 4th quarter worth approximately $9,553,000. Geode Capital Management LLC bought a new stake in shares of BKV during the 4th quarter worth approximately $7,728,000. Corebridge Financial Inc. bought a new stake in shares of BKV during the 4th quarter worth approximately $170,000. Bank of New York Mellon Corp bought a new stake in shares of BKV during the 4th quarter worth approximately $695,000. Finally, SG Americas Securities LLC bought a new stake in shares of BKV during the 4th quarter worth 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.