Eric Jacobsen Sells 25,000 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) insider Eric Jacobsen sold 25,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $30.96, for a total transaction of $774,000.00. Following the transaction, the insider directly owned 252,843 shares in the company, valued at approximately $7,828,019.28. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Up 0.2%

Shares of NYSE BKV opened at $32.15 on Wednesday. The firm has a market cap of $3.52 billion, a PE ratio of 16.49 and a beta of 1.37. BKV Corporation has a 12-month low of $17.82 and a 12-month high of $32.81. The company’s fifty day simple moving average is $29.06 and its 200 day simple moving average is $27.56. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24.

BKV (NYSE:BKV) last issued its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $259.91 million for the quarter, compared to the consensus estimate of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. As a group, sell-side analysts forecast that BKV Corporation will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BKV

A number of large investors have recently modified their holdings of BKV. Geode Capital Management LLC raised its holdings in shares of BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after buying an additional 160,171 shares in the last quarter. Cooper Creek Partners Management LLC lifted its holdings in BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares during the period. Bank of New York Mellon Corp lifted its holdings in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares during the period. SG Americas Securities LLC purchased a new stake in BKV in the 4th quarter worth approximately $1,509,000. Finally, Strs Ohio purchased a new stake in BKV in the 3rd quarter worth approximately $278,000.

Analysts Set New Price Targets

Several research analysts have weighed in on BKV shares. Wall Street Zen downgraded shares of BKV from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Truist Financial started coverage on shares of BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target on the stock. Jefferies Financial Group lowered their target price on BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Roth Mkm restated a “buy” rating and issued a $32.00 price objective on shares of BKV in a research note on Thursday, February 5th. Finally, Citigroup reaffirmed a “buy” rating and set a $36.00 target price on shares of BKV in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.56.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.