BKV (NYSE:BKV) Issues Earnings Results, Beats Expectations By $0.34 EPS

BKV (NYSE:BKV) posted its earnings results on Monday. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.34, Zacks reports. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%.

BKV Stock Up 4.6%

Shares of NYSE BKV traded up $1.18 during trading on Monday, reaching $26.57. The company had a trading volume of 337,817 shares, compared to its average volume of 428,828. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.25 billion, a PE ratio of -133.38 and a beta of 1.70. BKV has a 12-month low of $15.00 and a 12-month high of $26.78. The business’s 50-day moving average is $22.43 and its 200 day moving average is $21.92.

Insider Buying and Selling at BKV

In other BKV news, insider Lindsay B. Larrick sold 22,669 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 64,187 shares of company stock worth $1,527,575 over the last three months. 4.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a report on Wednesday, October 8th. Mizuho increased their price target on shares of BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

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.