BKV Sees Unusually Large Options Volume (NYSE:BKV)

BKV Corporation (NYSE:BKV) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 10,189 call options on the stock. This represents an increase of approximately 4,895% compared to the average daily volume of 204 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Truist Financial began coverage on BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price objective on the stock. Citigroup dropped their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.12.

Insiders Place Their Bets

In other BKV news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $6,126,698.27. This trade represents a 9.89% decrease in their position. 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. 2.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BKV

Hedge funds have recently made changes to their positions in the business. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV in the 4th quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey lifted its position in 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 valued at $155,000 after buying an additional 1,455 shares in the last quarter. SG Americas Securities LLC acquired a new position in BKV during the fourth quarter valued at approximately $1,509,000. Cooper Creek Partners Management LLC grew its stake in BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares during the period.

BKV Price Performance

Shares of NYSE BKV traded down $0.23 on Tuesday, hitting $26.82. The company’s stock had a trading volume of 237,708 shares, compared to its average volume of 889,237. The stock has a 50 day moving average of $27.28 and a 200-day moving average of $28.04. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.13 and a beta of 1.03. BKV has a 12-month low of $19.56 and a 12-month high of $32.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27.

BKV (NYSE:BKV) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The company had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.63 million. As a group, research analysts predict that BKV will post 1.5 EPS for the current year.

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.