Barclays Raises BKV (NYSE:BKV) Price Target to $30.00

BKV (NYSE:BKV) had its target price raised by Barclays from $24.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 19.38% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Susquehanna upped their target price on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Jefferies Financial Group assumed coverage on BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective on the stock. Mizuho boosted their target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. KeyCorp raised their price target on BKV from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Evercore ISI initiated coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 price objective for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat, BKV presently has a consensus rating of “Buy” and a consensus target price of $28.25.

BKV Stock Performance

NYSE BKV opened at $25.13 on Thursday. The company has a 50 day simple moving average of $23.18. BKV has a 12-month low of $17.39 and a 12-month high of $26.78.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BKV stock. SG Americas Securities LLC purchased a new position in shares of BKV Corporation (NYSE:BKV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 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.