BKV (NYSE:BKV) CFO David Tameron Sells 7,300 Shares

Key Points

• CFO David Tameron sold 7,300 shares on March 27 at an average price of $29.71 for roughly $216,883, reducing his holding by 10.55% to 61,925 shares (≈$1.84M); the sale was disclosed in an SEC filing.
• The company missed quarterly estimates, reporting $0.29 EPS versus $0.37 expected and $259.9M revenue versus $268.1M expected, and analysts forecast a -1.82 EPS for the current fiscal year.
• BKV's board authorized a $100M stock buyback (about 3.9% of shares outstanding); the stock trades near $29.90 (12‑month range $15.00–$32.81) with a MarketBeat consensus rating of "Moderate Buy" and a $33.25 price target.

BKV Corporation (NYSE:BKV - Get Free Report) CFO David Tameron sold 7,300 shares of the firm's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the completion of the transaction, the chief financial officer owned 61,925 shares of the company's stock, valued at approximately $1,839,791.75. This represents a 10.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BKV Trading Up 1.3%

Shares of BKV opened at $29.90 on Friday. The business's 50-day moving average price is $29.55 and its 200-day moving average price is $26.47. BKV Corporation has a twelve month low of $15.00 and a twelve month high of $32.81. The stock has a market cap of $3.27 billion, a PE ratio of 15.33 and a beta of 1.54. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24.

BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). The firm had revenue of $259.91 million during the quarter, compared to analysts' expectations of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. On average, equities analysts forecast that BKV Corporation will post -1.82 EPS for the current fiscal year.

BKV announced that its board has initiated a stock buyback program on Thursday, December 18th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On BKV

Several hedge funds have recently bought and sold shares of BKV. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock worth $102,000 after buying an additional 1,166 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of BKV during the 4th quarter valued at $52,000. Strs Ohio bought a new stake in shares of BKV during the 3rd quarter worth $278,000. Geode Capital Management LLC lifted its holdings in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company's stock worth $9,076,000 after acquiring an additional 45,989 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in BKV in the fourth quarter worth $1,509,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BKV shares. Roth Mkm restated a "buy" rating and set a $32.00 price target on shares of BKV in a research report on Thursday, February 5th. Mizuho increased their price objective on BKV from $33.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, December 12th. Zacks Research lowered BKV from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 26th. KeyCorp restated an "overweight" rating and set a $34.00 target price on shares of BKV in a research report on Thursday, February 5th. Finally, Citigroup restated a "buy" rating and issued a $36.00 target price on shares of BKV in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

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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