Insider Selling: BKV (NYSE:BKV) Insider Sells 22,669 Shares of Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 22,669 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $566,725.00. Following the transaction, the insider directly owned 143,672 shares of the company’s stock, valued at approximately $3,591,800. This trade represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

BKV Stock Performance

Shares of BKV stock traded up $0.24 during trading hours on Thursday, reaching $24.80. 579,990 shares of the company’s stock were exchanged, compared to its average volume of 426,647. The company has a market cap of $2.10 billion, a P/E ratio of -124.01 and a beta of 1.70. The company’s 50 day moving average is $22.36 and its two-hundred day moving average is $21.79. BKV Corporation has a 1 year low of $15.00 and a 1 year high of $26.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BKV shares. Weiss Ratings restated a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Mizuho upped their price target on BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Investors Weigh In On BKV

Institutional investors and hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey grew its holdings in 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. Strs Ohio acquired a new stake in BKV during the 3rd quarter valued at $278,000. Bank of New York Mellon Corp grew its holdings in 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. Quantbot Technologies LP acquired a new stake in BKV during the 1st quarter valued at $1,605,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in BKV during the 2nd quarter valued at $8,215,000.

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.