BKV Corps' (BKV) Price Target Hiked at Mizuho Following Strong Q2 Results

BKV Corporation (NYSE:BKV) is one of the best energy stocks to buy for the long term. On August 13, Mizuho raised its price target of the stock to $35 from $33 and reiterated an ‘Outperform’ rating. The price target follows the company’s stronger-than-expected free cash flow performance, with just $2 million outspent.

The company demonstrated strong financial performance in the second quarter with earnings per share of $0.39 that exceeded expectations. It also achieved $322.04 million in revenue. Mizuho expects the acquisition of contiguous upstream assets in the Barnett Shale from Bedrock to provide BKV Corp with greater scale and operational efficiency.

The research firm also echoed the company’s progress in monetizing Carbon Sequestered Gas (CSG), which is simply natural gas sold at a premium due to carbon offset. The research firm also views the company’s ability to deliver differentiated products through an integrated business model as a positive that justifies the Outperform rating.

BKV Corporation (NYSE:BKV) is a growth-driven energy company focused on producing natural gas and developing carbon capture, utilization, and sequestration (CCUS) technologies. It is one of the top 20 natural gas producers in the US and the largest in the Barnett Shale.

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READ NEXT: Top 10 Industrial Stocks to Buy Amid Easing Tariff Uncertainties and 12 Best Falling Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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