Insider Selling: BKV (NYSE:BKV) CFO Sells 7,300 Shares of Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 7,300 shares of BKV stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer directly owned 61,925 shares of the company’s stock, valued at approximately $1,839,791.75. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BKV Price Performance

BKV opened at $29.90 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.27 billion, a P/E ratio of 15.33 and a beta of 1.54. The stock has a 50-day moving average price of $29.55 and a 200-day moving average price of $26.47. BKV Corporation has a 12-month low of $15.00 and a 12-month high of $32.81.

BKV (NYSE:BKV) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The firm had revenue of $259.91 million for the quarter, compared to analysts’ expectations of $268.05 million. BKV had a net margin of 17.16% and a return on equity of 7.91%. Equities analysts predict that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

BKV announced that its Board of Directors has initiated a stock buyback program on Thursday, December 18th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On BKV

A number of large investors have recently bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. bought a new stake in BKV in the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after purchasing an additional 1,166 shares during the period. Strs Ohio bought a new position in shares of BKV in the third quarter worth approximately $278,000. SG Americas Securities LLC bought a new position in shares of BKV in the fourth quarter worth approximately $1,509,000. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of BKV in the second quarter worth $8,215,000.

Wall Street Analyst Weigh In

BKV has been the topic of several research reports. Wall Street Zen downgraded shares of BKV from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Mizuho increased their target price on shares of BKV from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Roth Mkm reiterated a “buy” rating and issued a $32.00 target price on shares of BKV in a research report on Thursday, February 5th. Citigroup reissued a “buy” rating and issued a $36.00 price target on shares of BKV in a research note on Tuesday, March 10th. Finally, KeyCorp restated an “overweight” rating and set a $34.00 price target on shares of BKV in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.25.

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.