Mizuho Securities analyst Nitin Kumar CFA has maintained their bullish stance on BKV stock, giving a Buy rating on February 14.
Nitin Kumar CFA has given his Buy rating due to a combination of factors including BKV Corporation’s strategic initiatives and financial performance. Despite a conservative outlook for the power segment’s EBITDA in 2025, the company maintains a positive long-term view on cash flow, indicating potential for future growth. The disciplined approach to volume growth in the upstream segment, coupled with strong performance in the fourth quarter of 2024, supports a positive outlook.
BKV’s commitment to expanding its carbon capture and storage (CCS) projects, including a significant project in South Texas, further enhances its growth prospects. The company’s willingness to increase activity in response to favorable gas prices and its strategic financial planning, as evidenced by its spending plans, contribute to the Buy rating. Additionally, the stock’s valuation appears attractive when compared to its peers, providing further justification for the positive recommendation.
In another report released on February 14, Truist Financial also maintained a Buy rating on the stock with a $31.00 price target.