BKV (NYSE:BKV) Issues Earnings Results, Beats Expectations By $0.11 EPS

BKV (NYSE:BKV) released its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11, Zacks reports.

BKV Stock Down 4.8 %

Shares of BKV stock traded down $1.09 on Wednesday, reaching $21.71. 356,134 shares of the company were exchanged, compared to its average volume of 426,497. The business has a fifty day simple moving average of $23.91. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $26.78.

Analysts Set New Price Targets

BKV has been the topic of a number of research analyst reports. KeyCorp boosted their price target on shares of BKV from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays boosted their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Truist Financial increased their target price on shares of BKV from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Susquehanna increased their target price on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Finally, Mizuho boosted their target price on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.38.

About BKV

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.