BKV (NYSE:BKV) CFO Sells $38,445.00 in Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 1,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the completion of the transaction, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at approximately $1,461,525.12. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, David Tameron sold 4,321 shares of BKV stock. The stock was sold at an average price of $26.56, for a total value of $114,765.76.

BKV Price Performance

Shares of BKV opened at $24.24 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. BKV Corporation has a twelve month low of $20.08 and a twelve month high of $32.81. The stock has a market capitalization of $2.65 billion, a P/E ratio of 8.85 and a beta of 1.09. The company has a 50 day moving average of $25.54 and a 200-day moving average of $27.61.

BKV (NYSE:BKV) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The firm had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. As a group, equities research analysts forecast that BKV Corporation will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on BKV shares. Truist Financial dropped their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Citigroup lowered their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Weiss Ratings downgraded shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Hedge Funds Weigh In On BKV

A number of institutional investors have recently modified their holdings of BKV. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV in the 4th quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey grew its stake 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 buying an additional 1,455 shares during the last quarter. PEAK6 LLC bought a new stake in shares of BKV during the second quarter worth $270,000. Jupiter Topco LLC acquired a new position in shares of BKV during the second quarter worth $446,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of BKV during the second quarter worth $479,000.

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.