BKV (NYSE:BKV) Insider Sells $261,600.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the sale, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. This represents a 10.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Trading Down 1.5%

Shares of BKV stock opened at $26.26 on Thursday. BKV Corporation has a 1-year low of $20.08 and a 1-year high of $32.81. The company’s fifty day simple moving average is $25.52 and its 200-day simple moving average is $27.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The stock has a market capitalization of $2.87 billion, a PE ratio of 9.58 and a beta of 1.08.

BKV (NYSE:BKV) last announced its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.68% and a net margin of 17.73%.The company had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. As a group, equities analysts anticipate that BKV Corporation will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On BKV

Several institutional investors have recently bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV during the fourth quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 34.3% in 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 buying an additional 1,455 shares in the last quarter. PEAK6 LLC bought a new position in BKV during the second quarter valued at approximately $270,000. Jupiter Topco LLC bought a new position in BKV during the second quarter valued at approximately $446,000. Finally, The Manufacturers Life Insurance Company purchased a new position in BKV during the 2nd quarter valued at approximately $479,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research report on Tuesday, July 21st. Truist Financial lowered their target price on shares of BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price target on shares of BKV in a research note on Friday, July 10th. Finally, Barclays raised their price target on BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.25.

BKV Company Profile

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.