Eric S. Jacobsen Sells 31,350 Shares of BKV Corporation (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) insider Eric S. Jacobsen sold 31,350 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $20.01, for a total transaction of $627,313.50. Following the completion of the sale, the insider now owns 289,253 shares in the company, valued at $5,787,952.53. This represents a 9.78% 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.

BKV Price Performance

BKV stock opened at $22.30 on Wednesday. The stock has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $21.17. BKV Corporation has a 12 month low of $15.00 and a 12 month high of $26.78.

BKV (NYSE:BKV) last posted its earnings results on Friday, May 9th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. The business had revenue of $216.13 million during the quarter, compared to the consensus estimate of $223.20 million. Analysts expect that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of BKV

Several hedge funds have recently bought and sold shares of BKV. California State Teachers Retirement System bought a new stake in BKV during the fourth quarter valued at about $26,000. SG Americas Securities LLC bought a new stake in BKV during the fourth quarter valued at about $157,000. Corebridge Financial Inc. bought a new stake in BKV during the fourth quarter valued at about $170,000. Bank of New York Mellon Corp bought a new stake in BKV during the fourth quarter valued at about $695,000. Finally, Geode Capital Management LLC bought a new stake in BKV during the fourth quarter valued at about $7,728,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BKV shares. Barclays increased their price target on shares of BKV from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp decreased their price target on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Finally, Truist Financial decreased their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has a consensus rating of “Buy” and an average target price of $27.88.

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.