BKV (NYSE:BKV) Insider Lindsay Larrick Sells 10,000 Shares of Stock

Key Points

• BKV insider Lindsay Larrick sold 10,000 shares at an average price of $26.16, generating $261,600. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced Larrick’s ownership by 10.65% to 83,925 shares.
• BKV shares fell 1.5% to $26.32, trading below the company’s 200-day moving average of $27.72. The stock has ranged between $20.08 and $32.81 over the past year.
• The company exceeded quarterly expectations, reporting $0.46 in earnings per share versus the $0.25 consensus estimate and revenue of $465.54 million versus $355.25 million. Analysts maintain a Moderate Buy consensus with an average price target of $34.25, while institutional investors including BlackRock established significant new positions.

BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay Larrick sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the sale, the insider directly owned 83,925 shares of the company's stock, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Trading Down 1.5%

BKV traded down $0.41 during trading on Monday, reaching $26.32. 185,175 shares of the company's stock were exchanged, compared to its average volume of 877,868. The company's fifty day moving average price is $25.48 and its 200-day moving average price is $27.72. 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 Corporation has a fifty-two week low of $20.08 and a fifty-two week high of $32.81. The firm has a market capitalization of $2.88 billion, a PE ratio of 9.59 and a beta of 1.09.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BKV shares. Truist Financial lowered their price target on BKV from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Wall Street Zen upgraded shares of BKV from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Susquehanna decreased their price objective on shares of BKV from $37.00 to $35.00 and set a "positive" rating for the company in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of BKV from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $34.00 target price on shares of BKV in a report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, BKV has an average rating of "Moderate Buy" and an average price target of $34.25.

Institutional Investors Weigh In On BKV

A number of hedge funds have recently modified their holdings of BKV. BlackRock Inc. acquired a new stake in shares of BKV during the second quarter worth $74,241,000. William Blair Investment Management LLC bought a new stake in BKV in the 2nd quarter valued at $32,689,000. Bank of America Corp DE acquired a new position in BKV in the 2nd quarter worth $16,177,000. Bank of New York Mellon Corp acquired a new position in BKV in the 2nd quarter worth $15,261,000. Finally, Cooper Creek Partners Management LLC increased its holdings in BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company's stock worth $59,984,000 after purchasing an additional 416,281 shares in the last quarter.

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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