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 that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $672,250.00. Following the transaction, the insider directly owned 227,843 shares of the company’s stock, valued at $6,126,698.27. The trade was a 9.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Price Performance

Shares of BKV stock opened at $26.75 on Wednesday. The business has a 50 day simple moving average of $28.42 and a two-hundred day simple moving average of $28.28. BKV Corporation has a 12 month low of $19.56 and a 12 month high of $32.81. The stock has a market capitalization of $2.93 billion, a P/E ratio of 8.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 1.27.

BKV (NYSE:BKV) last announced its earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). BKV had a net margin of 21.71% and a return on equity of 6.43%. The firm had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.64 million. As a group, analysts predict that BKV Corporation will post 1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BKV has been the subject of a number of research analyst reports. KeyCorp increased their target price on BKV from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Truist Financial assumed coverage on BKV in a report on Tuesday, March 24th. They issued a “buy” rating and a $37.00 price target for the company. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Zacks Research cut BKV from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price target on shares of BKV in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.50.

Institutional Investors Weigh In On BKV

Several hedge funds and other institutional investors have recently made changes to their positions in BKV. Cooper Creek Partners Management LLC increased its holdings in shares of BKV by 24.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after purchasing an additional 416,281 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BKV by 13.0% in the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after purchasing an additional 62,485 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of BKV in the fourth quarter valued at approximately $1,509,000. Finally, Strs Ohio acquired a new stake in shares of BKV in the third quarter valued at approximately $278,000.

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