BKV (NYSE:BKV) Stock: Insider Javier Hinojosa Sells 4,952 Shares

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 4,952 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $20.91, for a total value of $103,546.32. Following the sale, the senior vice president owned 71,896 shares of the company’s stock, valued at $1,503,345.36. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Hinojosa also recently made the following trade(s):

• On Friday, September 25th, Javier Hinojosa sold 7,428 shares of BKV stock. The shares were sold at an average price of $22.66, for a total value of $168,318.48.
• On Friday, August 21st, Javier Hinojosa sold 12,377 shares of BKV stock. The shares were sold at an average price of $25.73, for a total value of $318,460.21.

BKV Stock Performance

Shares of BKV opened at $21.36 on Wednesday. BKV Corporation has a 52-week low of $20.03 and a 52-week high of $32.81. The business’s fifty day moving average is $23.46 and its 200-day moving average is $26.59. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 7.80 and a beta of 1.13.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million for the quarter, compared to the consensus estimate of $355.25 million. As a group, research analysts forecast that BKV Corporation will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BKV has been the subject of a number of research reports. Barclays dropped their target price on shares of BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Weiss Ratings lowered shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Raymond James Financial set a $29.00 price target on shares of BKV in a report on Tuesday, September 15th. Susquehanna lowered their price objective on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $33.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in BKV during the 2nd quarter worth $74,241,000. Cooper Creek Partners Management LLC increased its holdings in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after purchasing an additional 416,281 shares in the last quarter. William Blair Investment Management LLC acquired a new position in BKV in the 2nd quarter worth about $32,689,000. Value Aligned Research Advisors LLC raised its position in BKV by 110.5% in the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after purchasing an additional 356,848 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in BKV in the second quarter valued at about $16,177,000.

About BKV

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.