BKV (NYSE:BKV) Insider Lindsay Larrick Sells 10,000 Shares

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $23.37, for a total value of $233,700.00. Following the transaction, the insider owned 166,341 shares of the company’s stock, valued at approximately $3,887,389.17. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BKV Price Performance

Shares of BKV traded up $0.20 during mid-day trading on Tuesday, reaching $24.65. The stock had a trading volume of 921,408 shares, compared to its average volume of 573,585. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -123.25 and a beta of 1.70. BKV Corporation has a 12 month low of $15.00 and a 12 month high of $26.78. The business has a fifty day moving average of $22.33 and a 200 day moving average of $21.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.56.

BKV (NYSE:BKV) last issued its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.24. The company had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. Equities analysts predict that BKV Corporation will post -1.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a research note on Wednesday, October 8th. Barclays upped their price target on BKV from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Finally, Mizuho increased their price objective on shares of BKV from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Institutional Investors Weigh In On BKV

Institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of BKV by 37.9% in the 2nd 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 last quarter. Strs Ohio bought a new stake in shares of BKV in the 3rd quarter valued at approximately $278,000. Bank of New York Mellon Corp lifted its position in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock worth $745,000 after buying an additional 6,209 shares during the last quarter. Quantbot Technologies LP bought a new stake in BKV in the first quarter worth $1,605,000. Finally, Cooper Creek Partners Management LLC bought a new stake in BKV in the second quarter worth $8,215,000.

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.