BKV (NYSE:BKV) Insider Lindsay Larrick Sells 22,669 Shares of Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 22,669 shares of BKV stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $566,725.00. Following the sale, the insider owned 143,672 shares of the company’s stock, valued at approximately $3,591,800. This represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BKV Stock Performance

NYSE:BKV opened at $24.80 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market cap of $2.10 billion, a PE ratio of -124.01 and a beta of 1.70. The firm has a 50 day simple moving average of $22.39 and a 200-day simple moving average of $21.81. BKV Corporation has a 1-year low of $15.00 and a 1-year high of $26.78.

BKV (NYSE:BKV) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $322.04 million for the quarter, compared to analyst estimates of $224.05 million. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%. On average, equities analysts expect that BKV Corporation will post -1.82 EPS for the current year.

Institutional Investors Weigh In On BKV

Several institutional investors have recently bought and sold shares of BKV. Geode Capital Management LLC increased its position in shares of BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after acquiring an additional 45,989 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in BKV during the 2nd quarter worth $8,215,000. Quantbot Technologies LP acquired a new stake in BKV in the 1st quarter valued at $1,605,000. Bank of New York Mellon Corp lifted its stake in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after purchasing an additional 6,209 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of BKV during the third quarter worth about $278,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Mizuho upped their price target on shares of BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

About BKV

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas.