Short Interest in BKV Corporation (NYSE:BKV) Decreases By 17.5%

BKV Corporation (NYSE:BKV) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 3,820,363 shares, a decline of 17.5% from the March 31st total of 4,631,566 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 813,306 shares, the short-interest ratio is currently 4.7 days.

BKV Stock Performance

BKV stock traded up $0.74 during midday trading on Thursday, hitting $31.36. The company’s stock had a trading volume of 609,579 shares, compared to its average volume of 903,752. The stock’s 50-day moving average price is $29.03 and its 200 day moving average price is $27.36. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. BKV has a 1 year low of $17.80 and a 1 year high of $32.81. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 16.12 and a beta of 1.64.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million during the quarter, compared to analysts’ expectations of $268.05 million. On average, equities analysts forecast that BKV will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen cut BKV from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Citigroup reaffirmed a “buy” rating and set a $36.00 target price on shares of BKV in a research report on Tuesday, March 10th. Roth Mkm reiterated a “buy” rating and issued a $32.00 price objective on shares of BKV in a research note on Thursday, February 5th. Finally, Truist Financial assumed coverage on shares of BKV in a research note on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.56.

Insider Activity

In related news, CFO David Tameron sold 7,300 shares of BKV stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $29.71, for a total transaction of $216,883.00. Following the transaction, the chief financial officer owned 61,925 shares of the company’s stock, valued at $1,839,791.75. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BKV. Geode Capital Management LLC boosted its position in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after purchasing an additional 160,171 shares during the last quarter. Cooper Creek Partners Management LLC boosted its position in BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after purchasing an additional 121,082 shares during the last quarter. SG Americas Securities LLC purchased a new position in BKV in the fourth quarter worth $1,509,000. Strs Ohio purchased a new position in BKV in the third quarter worth $278,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV in the fourth quarter worth $52,000.

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.