BKV (NYSE:BKV) Insider Eric Jacobsen Sells 25,000 Shares

Key Points

• Eric Jacobsen, an insider, sold 25,000 shares of BKV at an average price of $30.96 for $774,000 on May 1, reducing his stake by 9% to 252,843 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• BKV reported quarterly EPS of $0.29, missing the $0.37 consensus, and revenue of $259.91M versus estimates of $268.05M.
• Analysts are generally positive with an average target of $33.56 (majority Buy ratings), while the stock trades near $31.81 with a market cap of about $3.48B and a 52-week high of $32.81.

BKV Corporation (NYSE:BKV - Get Free Report) insider Eric Jacobsen sold 25,000 shares of the firm's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $30.96, for a total value of $774,000.00. Following the sale, the insider directly owned 252,843 shares of the company's stock, valued at $7,828,019.28. This represents a 9.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Performance

BKV stock traded up $0.49 during mid-day trading on Monday, hitting $31.81. 109,406 shares of the company's stock traded hands, compared to its average volume of 899,554. The firm has a 50 day simple moving average of $29.04 and a two-hundred day simple moving average of $27.48. BKV Corporation has a fifty-two week low of $17.82 and a fifty-two week high of $32.81. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 16.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.78 and a quick ratio of 1.75.

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 the consensus estimate of $0.37 by ($0.08). BKV had a net margin of 17.16% and a return on equity of 7.91%. The business had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. On average, research analysts expect that BKV Corporation will post 2.22 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. bought a new position in shares of BKV in the fourth quarter worth $52,000. Police & Firemen s Retirement System of New Jersey increased 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 worth $155,000 after purchasing an additional 1,455 shares during the period. Strs Ohio bought a new position in shares of BKV in the third quarter worth $278,000. SG Americas Securities LLC bought a new position in shares of BKV in the fourth quarter worth $1,509,000. Finally, Cooper Creek Partners Management LLC increased its position in shares of BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock worth $10,678,000 after purchasing an additional 121,082 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKV. Roth Mkm reiterated a "buy" rating and set a $32.00 price objective on shares of BKV in a research report on Thursday, February 5th. KeyCorp increased their price objective on BKV from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, April 2nd. Truist Financial began coverage on BKV in a research report on Tuesday, March 24th. They set a "buy" rating and a $37.00 price objective on the stock. Wall Street Zen cut BKV from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Finally, Citigroup reiterated a "buy" rating and set a $36.00 price objective on shares of BKV in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.56.

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.

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