BKV (NYSE:BKV) CFO Sells $38,445.00 in Stock

Key Points

• BKV CFO David Tameron sold 1,500 shares at an average price of $25.63, generating $38,445. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 57,024 shares.
• BKV shares fell 7.3% to $24.19, while the company’s latest quarterly results exceeded expectations: EPS was $0.46 versus a $0.25 consensus estimate, and revenue reached $465.54 million.
• Analysts maintain a generally positive outlook, with BKV carrying a “Moderate Buy” consensus rating and an average price target of $34.25, well above its current share price.

BKV Corporation (NYSE:BKV - Get Free Report) CFO David Tameron sold 1,500 shares of BKV stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $25.63, for a total transaction of $38,445.00. Following the sale, the chief financial officer owned 57,024 shares in the company, valued at $1,461,525.12. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Tameron also recently made the following trade(s):

• On Thursday, August 20th, David Tameron sold 4,321 shares of BKV stock. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76.

BKV Stock Down 7.3%

Shares of BKV stock traded down $1.91 on Friday, hitting $24.19. The stock had a trading volume of 905,259 shares, compared to its average volume of 888,367. The stock's 50 day moving average is $25.55 and its 200-day moving average is $27.64. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 8.83 and a beta of 1.08. BKV Corporation has a 52-week low of $20.08 and a 52-week high of $32.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15.

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

Hedge Funds Weigh In On BKV

Hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of BKV by 34.3% in the 4th 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 during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV during the fourth quarter worth $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in BKV by 37.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company's stock worth $823,000 after purchasing an additional 8,144 shares during the period. PEAK6 LLC acquired a new position in BKV in the second quarter worth $270,000. Finally, IMC Chicago LLC increased its stake in BKV by 100.0% during the second quarter. IMC Chicago LLC now owns 24,205 shares of the company's stock valued at $662,000 after purchasing an additional 12,105 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Jefferies Financial Group reissued a "buy" rating and issued a $34.00 price target on shares of BKV in a report on Friday, July 10th. Zacks Research raised BKV from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Weiss Ratings cut BKV from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 27th. Susquehanna dropped their price target on shares of BKV from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of BKV from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, BKV presently has an average rating of "Moderate Buy" and an average price target 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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