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Stock impact report

BKV Corporation (BKV) Hit a New High This Week. Here is Why [Yahoo! Finance]

BKV Corporation (BKV) 
Company Research Source: Yahoo! Finance
BKV Corporation (BKV) Hit a New High This Week. Here is Why BKV Corporation (NYSE:BKV) produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania. BKV Corporation (NYSE:BKV) hit an all-time high after announcing better-than-expected results for its Q3 on November 10, with the company beating estimates in both earnings and revenue. BKV's total hydrocarbon production increased by 9% YoY during the quarter, primarily due to an increased development pace and scale. Notably, the energy firm announced plans to increase its ownership to 75% in the Power JV, allowing it to consolidate the joint venture, enhance its strategic flexibility, and accelerate growth in its power business. Following the impressive Q3 results, BKV Corporation (NYSE:BKV) received significant positive attention from analysts. On November 11, KeyBanc analyst Tim Rezvan raised the firm's price target on BKV Corpo Show less Read more
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