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.

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

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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.

While we acknowledge the potential of BKV Corporation (NYSE:BKV) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BKV and that has 100x upside potential, check out our report about the cheapest AI stock.

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

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