Barclays analyst Betty Jiang maintains $BKV Corp (BKV.US)$ with a buy rating, and maintains the target price at $24.
According to TipRanks data, the analyst has a success rate of 38.9% and a total average return of -1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $BKV Corp (BKV.US)$'s main analysts recently are as follows:
BKV Corp. distinguishes itself within the exploration and production sector by fusing its core gas production operations with a strategy centered on power generation and carbon capture. Despite concerns regarding the complexity of the business and the risks associated with growth at its current valuation, the potential growth of the company's segments with higher multiples is considered to be significantly undervalued.
BKV Corp. presents a unique opportunity in the power and carbon capture growth sectors that could lead to an increase in share value through a sum-of-the-parts analysis. Despite its modest scale, the company provides investors with considerable exposure to two enduring trends: the expansion of power and the transition within the energy industry.
The U.S. natural gas producer BKV Corp. is noted for its comprehensive operations that span not only natural gas midstream but also downstream activities, including the direct ownership of a power plant complex in Texas. Over the recent period, the company has notably initiated its first carbon capture project. In a development this past June, BKV has entered into an agreement to sell Carbon Sequestered Gas (CSG) to an industrial client, achieving a pricing advantage over the Henry Hub benchmark. It is anticipated that BKV will continue to reveal additional CSG sales agreements as the company expands its CCUS business.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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