BKV (NYSE:BKV) CFO David Tameron Sells 4,321 Shares of Stock

Key Points

• BKV CFO David Tameron sold 4,321 shares at an average price of $26.56, generating $114,765.76. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 6.88% to 58,524 shares.
• BKV recently exceeded quarterly expectations, reporting $0.46 in EPS versus the $0.25 consensus and revenue of $465.54 million against estimates of $355.25 million.
• Shares traded near $25.57, while analysts maintained a generally positive outlook: eight rated BKV a Buy and two a Hold, producing a consensus “Moderate Buy” rating and a $34.25 target price.

BKV Corporation (NYSE:BKV - Get Free Report) CFO David Tameron sold 4,321 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76. Following the transaction, the chief financial officer directly owned 58,524 shares of the company's stock, valued at approximately $1,554,397.44. This trade represents a 6.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Performance

NYSE:BKV traded down $0.53 during mid-day trading on Friday, hitting $25.57. The company's stock had a trading volume of 166,221 shares, compared to its average volume of 883,634. The business's fifty day moving average is $25.55 and its two-hundred day moving average is $27.64. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 9.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. BKV Corporation has a 1 year low of $20.08 and a 1 year high of $32.81.

BKV (NYSE:BKV - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for the quarter, compared to the consensus estimate of $355.25 million. BKV had a return on equity of 6.68% and a net margin of 17.73%. Analysts anticipate that BKV Corporation will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV in the 4th quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock valued at $155,000 after acquiring an additional 1,455 shares in the last quarter. PEAK6 LLC acquired a new stake in shares of BKV in the second quarter worth approximately $270,000. Jupiter Topco LLC purchased a new stake in shares of BKV during the second quarter worth approximately $446,000. Finally, The Manufacturers Life Insurance Company acquired a new position in BKV in the 2nd quarter valued at $479,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BKV shares. Citigroup decreased their target price on shares of BKV from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, June 11th. Truist Financial cut their price objective on shares of BKV from $34.00 to $33.00 and set a "buy" rating for the company in a report on Monday, August 10th. Wall Street Zen raised shares of BKV from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Finally, Barclays raised their target price on BKV from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.25.

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

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