BKV Corporation (NYSE:BKV) Short Interest Update

BKV Corporation (NYSE:BKV) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,035,138 shares, an increase of 64.4% from the August 31st total of 6,102,985 shares. Approximately 9.4% of the shares of the company are short sold. Based on an average daily volume of 3,476,246 shares, the short-interest ratio is presently 2.9 days.

BKV Stock Performance

BKV stock traded down $0.11 during trading on Wednesday, hitting $21.53. 878,210 shares of the company traded hands, compared to its average volume of 1,072,067. The stock’s 50-day simple moving average is $24.52 and its 200 day simple moving average is $26.42. 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 company has a market cap of $2.36 billion, a PE ratio of 7.86 and a beta of 1.06. BKV has a 1 year low of $20.08 and a 1 year high of $32.81.

BKV (NYSE:BKV) last issued 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 business had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. On average, equities analysts expect that BKV will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BKV. Barclays decreased their target price on BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Susquehanna decreased their price objective 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. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Evercore upgraded shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. Finally, Weiss Ratings cut shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.56.

Insiders Place Their Bets

In other BKV news, SVP Javier Hinojosa sold 12,377 shares of BKV 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 4,321 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the sale, the chief financial officer owned 58,524 shares in the company, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 35,626 shares of company stock valued at $901,589. Insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKV. BlackRock Inc. purchased a new position in BKV in the second quarter valued at $74,241,000. Cooper Creek Partners Management LLC boosted its stake in shares of 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 in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of BKV during the 2nd quarter valued at about $32,689,000. Value Aligned Research Advisors LLC grew its position in shares of BKV by 110.5% during the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after acquiring an additional 356,848 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of BKV in the 2nd quarter valued at about $16,177,000.

About BKV

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.