BKV Corporation (NYSE:BKV) Insider Sells $216,200.00 in Stock

Key Points

• BKV Corporation insider Lindsay B. Larrick sold 10,000 shares for $216,200, representing a 4.75% decrease in their ownership stake.
• The company's stock recently traded at $21.23, with an average price target of $28.25 from analysts, indicating a generally positive outlook.
• BKV reported earnings of $0.39 EPS, exceeding expectations and suggesting strong quarterly performance compared to the consensus estimate of $0.24 EPS.

BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay B. Larrick sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $21.62, for a total value of $216,200.00. Following the transaction, the insider owned 200,528 shares of the company's stock, valued at approximately $4,335,415.36. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BKV Stock Up 0.0%

BKV stock traded up $0.01 during mid-day trading on Friday, reaching $21.42. The company had a trading volume of 203,505 shares, compared to its average volume of 411,038. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $22.09 and a two-hundred day simple moving average of $21.14. The company has a market capitalization of $1.81 billion and a price-to-earnings ratio of -107.10. BKV Corporation has a 52 week low of $15.00 and a 52 week high of $26.78.

BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.24. The firm had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%. As a group, equities analysts predict that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of BKV

A number of hedge funds have recently made changes to their positions in the business. Cooper Creek Partners Management LLC acquired a new stake in shares of BKV in the second quarter valued at approximately $8,215,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock valued at $102,000 after buying an additional 1,166 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company's stock valued at $9,076,000 after buying an additional 45,989 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of BKV in the first quarter valued at approximately $1,605,000. Finally, Bank of New York Mellon Corp lifted its position in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock valued at $745,000 after buying an additional 6,209 shares during the last quarter.

Wall Street Analysts Forecast Growth

BKV has been the subject of a number of research reports. Evercore ISI increased their price objective on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays increased their price objective on BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $28.25.

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.