Insider Selling: BKV (NYSE:BKV) CFO Sells $114,765.76 in Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 4,321 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $26.56, for a total value of $114,765.76. Following the completion of the sale, the chief financial officer owned 58,524 shares of the company’s stock, valued at $1,554,397.44. This represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Tameron also recently made the following trade(s):

• On Friday, August 21st, David Tameron sold 1,500 shares of BKV stock. The shares were sold at an average price of $25.63, for a total value of $38,445.00.

BKV Stock Up 0.2%

Shares of BKV stock opened at $24.24 on Monday. The stock has a market cap of $2.65 billion, a P/E ratio of 8.85 and a beta of 1.09. BKV Corporation has a one year low of $20.08 and a one year high of $32.81. The stock has a fifty day moving average price of $25.54 and a 200 day moving average price of $27.61. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. Analysts predict that BKV Corporation will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKV has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Barclays lifted their price target on shares of BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Truist Financial reduced their price target on shares of BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Susquehanna cut their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, BKV presently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Institutional Trading of BKV

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. acquired a new position in BKV during the 4th quarter worth $52,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares during the last quarter. PEAK6 LLC acquired a new position in shares of BKV during the second quarter valued at $270,000. Jupiter Topco LLC acquired a new position in shares of BKV during the second quarter valued at $446,000. Finally, The Manufacturers Life Insurance Company bought a new position in BKV in the second quarter valued at about $479,000.

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.