BKV (NYSE:BKV) Insider Eric Jacobsen Sells 25,000 Shares

BKV Corporation (NYSE:BKV) insider Eric Jacobsen sold 25,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the sale, the insider owned 227,843 shares in the company, valued at $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Trading Up 0.0%

Shares of BKV opened at $26.55 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $28.28. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 8.05 and a beta of 1.06. BKV Corporation has a 1-year low of $19.56 and a 1-year high of $32.81.

BKV (NYSE:BKV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The firm had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.64 million. Equities analysts forecast that BKV Corporation will post 1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKV. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Jefferies Financial Group cut their price target on shares of BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Truist Financial began coverage on shares of BKV in a research note on Tuesday, March 24th. They set a “buy” rating and a $37.00 price objective for the company. KeyCorp increased their price objective on shares of BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Roth Mkm reissued a “buy” rating and issued a $32.00 price objective 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 assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC grew its position 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 during the last quarter. Bank of New York Mellon Corp grew its position in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after buying an additional 62,485 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after acquiring an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of BKV during the fourth quarter valued at approximately $52,000. Finally, Geode Capital Management LLC raised its holdings in BKV by 40.4% during 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 in the last quarter.

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.