BKV (NYSE:BKV) Insider Sells $162,950.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 6,518 shares of BKV stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $25.00, for a total transaction of $162,950.00. Following the completion of the transaction, the insider owned 137,154 shares in the company, valued at approximately $3,428,850. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BKV Trading Up 1.0%

Shares of BKV traded up $0.24 during mid-day trading on Thursday, reaching $24.80. The company had a trading volume of 579,990 shares, compared to its average volume of 426,647. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -124.01 and a beta of 1.70. The firm has a fifty day simple moving average of $22.36 and a 200-day simple moving average of $21.79. BKV Corporation has a fifty-two week low of $15.00 and a fifty-two week high of $26.78. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.

BKV (NYSE:BKV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $322.04 million for the quarter, compared to analyst estimates of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. On average, sell-side analysts anticipate that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On BKV

A number of institutional investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey grew its position in shares of BKV by 37.9% during 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 buying an additional 1,166 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of BKV by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after buying an additional 6,209 shares during the last quarter. Strs Ohio bought a new stake in shares of BKV during the 3rd quarter valued at about $278,000. Geode Capital Management LLC grew its position in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after buying an additional 45,989 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of BKV during the 1st quarter valued at about $1,605,000.

Analyst Upgrades and Downgrades

BKV has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Mizuho lifted their target price 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 research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

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.