Cooper Creek Partners Management LLC Increases Stake in BKV Corporation $BKV

Cooper Creek Partners Management LLC lifted its stake in shares of BKV Corporation (NYSE:BKV) by 24.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,103,230 shares of the company’s stock after buying an additional 416,281 shares during the period. BKV comprises about 2.1% of Cooper Creek Partners Management LLC’s holdings, making the stock its 15th largest position. Cooper Creek Partners Management LLC’s holdings in BKV were worth $59,984,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BKV. SG Americas Securities LLC purchased a new stake in BKV in the fourth quarter worth about $1,509,000. Geode Capital Management LLC boosted its position in 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 acquiring an additional 160,171 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV during the 4th quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 acquiring an additional 62,485 shares in the last quarter.

Insider Buying and Selling at BKV

In related news, insider Eric S. Jacobsen sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the transaction, the insider owned 227,843 shares of the company’s stock, valued at $6,126,698.27. This trade represents a 9.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BKV shares. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Truist Financial decreased their price objective on BKV from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wall Street Zen downgraded BKV from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Susquehanna lowered their price objective on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.88.

BKV Price Performance

Shares of BKV opened at $25.56 on Friday. BKV Corporation has a fifty-two week low of $19.56 and a fifty-two week high of $32.81. The firm’s 50-day simple moving average is $26.33 and its two-hundred day simple moving average is $27.92. The stock has a market cap of $2.80 billion, a PE ratio of 7.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31.

BKV (NYSE:BKV) last released its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a net margin of 21.71% and a return on equity of 6.43%. The business had revenue of $432.85 million for the quarter, compared to analysts’ expectations of $337.63 million. Analysts anticipate that BKV Corporation will post 1.48 earnings per share for the current fiscal year.

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.