BKV (NYSE:BKV) Shares Gap Down – What’s Next?

BKV Corporation (NYSE:BKV)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $26.76, but opened at $25.12. BKV shares last traded at $23.9260, with a volume of 424,347 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on BKV shares. Weiss Ratings reissued a “hold (c+)” rating on shares of BKV in a report on Monday, August 24th. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Barclays increased their price objective on shares of BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Citigroup decreased 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. Finally, Wall Street Zen downgraded shares of BKV from a “sell” rating to a “strong sell” rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

BKV Stock Performance

The stock has a fifty day simple moving average of $25.46 and a two-hundred day simple moving average of $27.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 8.81 and a beta of 1.06.

BKV (NYSE:BKV) last posted its quarterly 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 6.67% and a net margin of 17.73%.The company had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. Analysts expect that BKV Corporation will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at BKV

In other BKV news, SVP Javier Hinojosa sold 12,377 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the transaction, the senior vice president owned 84,276 shares of the company’s stock, valued at approximately $2,168,421.48. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the completion of the transaction, the insider directly owned 83,925 shares of the company’s stock, valued at $2,195,478. This trade represents a 10.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,198 shares of company stock worth $733,271 over the last 90 days. Insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On BKV

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey increased its position in 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 worth $155,000 after purchasing an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV in the fourth quarter valued at approximately $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of BKV by 37.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock worth $823,000 after buying an additional 8,144 shares during the last quarter. PEAK6 LLC bought a new stake in shares of BKV during the second quarter worth $270,000. Finally, Arizona State Retirement System acquired a new position in shares of BKV during the second quarter worth $289,000.

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.