BKV (NYSE:BKV) SVP Sells $318,460.21 in Stock

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 12,377 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the sale, the senior vice president directly owned 84,276 shares of the company’s stock, valued at approximately $2,168,421.48. This trade represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Performance

Shares of NYSE BKV traded down $1.91 during mid-day trading on Friday, hitting $24.19. The company had a trading volume of 905,259 shares, compared to its average volume of 888,367. BKV Corporation has a 12 month low of $20.08 and a 12 month high of $32.81. The firm has a market cap of $2.65 billion, a P/E ratio of 8.83 and a beta of 1.08. The business’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $27.64. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. BKV had a return on equity of 6.68% and a net margin of 17.73%. As a group, analysts predict that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BKV

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in BKV during the second quarter worth about $74,241,000. Cooper Creek Partners Management LLC grew its position in BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after acquiring an additional 416,281 shares during the last quarter. William Blair Investment Management LLC bought a new stake in BKV during the 2nd quarter worth approximately $32,689,000. Value Aligned Research Advisors LLC acquired a new stake in BKV during the 2nd quarter valued at $18,602,000. Finally, Bank of America Corp DE acquired a new stake in BKV during the 2nd quarter valued at $16,177,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Susquehanna cut their price target 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. Truist Financial decreased their price objective on BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BKV has an average rating of “Moderate Buy” and a consensus 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.