BKV Corporation (NYSE:BKV) Insider Sells $316,050.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total transaction of $316,050.00. Following the sale, the insider now owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BKV Stock Down 0.4 %

Shares of NYSE:BKV opened at $20.73 on Friday. The business’s 50 day moving average is $22.40. BKV Corporation has a twelve month low of $17.39 and a twelve month high of $26.78.

BKV (NYSE:BKV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The company had revenue of $119.78 million during the quarter, compared to analysts’ expectations of $183.77 million. On average, equities research analysts forecast that BKV Corporation will post -1.82 EPS for the current year.

Institutional Trading of BKV

A number of large investors have recently made changes to their positions in BKV. California State Teachers Retirement System acquired a new position in BKV during the fourth quarter worth approximately $26,000. Driehaus Capital Management LLC purchased a new position in shares of BKV during the fourth quarter worth approximately $9,553,000. Geode Capital Management LLC acquired a new position in shares of BKV in the 4th quarter valued at $7,728,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter valued at $170,000. Finally, Bank of New York Mellon Corp acquired a new stake in BKV during the 4th quarter worth $695,000.

Analysts Set New Price Targets

BKV has been the topic of several analyst reports. Barclays increased their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Truist Financial decreased their price objective on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 17th. KeyCorp cut their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Finally, Mizuho boosted their price target on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.00.

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.