Insider Selling: BKV (NYSE:BKV) Insider Sells 25,000 Shares of Stock

BKV Corporation (NYSE:BKV) insider Eric Jacobsen sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the transaction, the insider directly owned 227,843 shares in the company, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Performance

NYSE:BKV traded down $0.01 during mid-day trading on Monday, reaching $26.54. 351,862 shares of the company’s stock were exchanged, compared to its average volume of 893,267. BKV Corporation has a one year low of $19.56 and a one year high of $32.81. The firm has a market capitalization of $2.90 billion, a PE ratio of 8.03 and a beta of 1.06. The business’s fifty day simple moving average is $28.47 and its two-hundred day simple moving average is $28.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31.

BKV (NYSE:BKV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The business had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.64 million. Analysts anticipate that BKV Corporation will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cooper Creek Partners Management LLC lifted its position in shares of BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of BKV by 13.0% during the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after buying an additional 62,485 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after buying an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV during the 4th quarter valued at about $52,000. Finally, Geode Capital Management LLC lifted its position in shares of BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on BKV shares. Zacks Research lowered shares of BKV from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Truist Financial started coverage on shares of BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 target price on the stock. KeyCorp raised their target price on shares of BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Citigroup reissued a “buy” rating and issued a $36.00 target price on shares of BKV in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.