BKV (NYSE:BKV) Posts Earnings Results, Beats Expectations By $0.26 EPS

BKV (NYSE:BKV - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.26, Zacks reports. The company had revenue of $216.13 million during the quarter, compared to analysts' expectations of $223.20 million.

BKV Stock Performance

Shares of BKV stock traded up $1.27 during trading hours on Friday, reaching $20.45. The company had a trading volume of 592,646 shares, compared to its average volume of 462,579. The business has a fifty day moving average price of $18.77 and a 200-day moving average price of $21.12. BKV has a one year low of $15.00 and a one year high of $26.78.

Wall Street Analyst Weigh In

BKV has been the topic of a number of recent research reports. KeyCorp cut their target price on BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Barclays cut their price objective on shares of BKV from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Truist Financial decreased their target price on shares of BKV from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 17th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $27.75.

Insider Activity at BKV

In related news, insider Ethan Ngo sold 21,667 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total value of $435,290.03. Following the transaction, the insider now owns 286,008 shares of the company's stock, valued at approximately $5,745,900.72. This trade represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David Tameron sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $20.03, for a total transaction of $100,150.00. Following the sale, the chief financial officer now owns 47,779 shares of the company's stock, valued at $957,013.37. This trade represents a 9.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,743 shares of company stock worth $1,330,777 over 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.

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