BKV (NYSE:BKV) Reaches New 1-Year Low – Should You Sell?

BKV Corporation (NYSE:BKV)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $20.03 and last traded at $20.2790, with a volume of 693,767 shares trading hands. The stock had previously closed at $20.93.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKV. Weiss Ratings downgraded shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Barclays reduced their target price on BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Truist Financial raised their target price on BKV from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $33.67.

BKV Stock Performance

The stock has a market capitalization of $2.19 billion, a PE ratio of 7.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The firm’s 50 day moving average is $23.14 and its two-hundred day moving average is $26.52.

BKV (NYSE:BKV) last released its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%. The firm had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. As a group, research analysts predict that BKV Corporation will post 1.49 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Lindsay Larrick sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider owned 83,925 shares of the company’s stock, valued at $2,195,478. This represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 4,321 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the completion of the transaction, the chief financial officer owned 58,524 shares in the company, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 40,578 shares of company stock worth $1,005,136. Corporate insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKV. Covestor Ltd raised its position in BKV by 36.4% in the 3rd quarter. Covestor Ltd now owns 3,454 shares of the company’s stock valued at $74,000 after purchasing an additional 921 shares during the last quarter. State of Alaska Department of Revenue increased its position in BKV by 23.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock worth $88,000 after purchasing an additional 782 shares during the period. PEAK6 LLC acquired a new position in BKV during the 2nd quarter worth approximately $270,000. Arizona State Retirement System purchased a new position in shares of BKV during the 2nd quarter worth approximately $289,000. Finally, Jupiter Topco LLC acquired a new stake in shares of BKV in the 2nd quarter valued at approximately $446,000.

BKV Company Profile

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.