BKV (NYSE:BKV) Announces Quarterly Earnings Results

Key Points

• BKV (NYSE:BKV) reported a quarterly earnings per share (EPS) of $0.39, exceeding analysts' expectations by $0.15.
• The company's stock rose by 5.5% following the earnings announcement, reaching a price of $21.17.
• BKV has received positive ratings from multiple analysts, with an average price target of $28.25 and a majority rating of "Buy".

BKV (NYSE:BKV - Get Free Report) released its earnings results on Tuesday. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.24, Zacks reports. The business had revenue of $322.04 million for the quarter, compared to the consensus estimate of $224.05 million. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%.

BKV Trading Up 0.0%

NYSE:BKV traded up $0.01 on Friday, reaching $21.42. The company's stock had a trading volume of 203,505 shares, compared to its average volume of 411,038. BKV has a 12-month low of $15.00 and a 12-month high of $26.78. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.81 billion and a price-to-earnings ratio of -107.10. The stock has a 50 day moving average price of $22.09 and a 200 day moving average price of $21.14.

Analyst Ratings Changes

A number of equities analysts have weighed in on BKV shares. Evercore ISI boosted their price objective on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Barclays boosted their price objective on BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $28.25.

Insider Buying and Selling at BKV

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $21.62, for a total value of $216,200.00. Following the sale, the insider owned 200,528 shares in the company, valued at $4,335,415.36. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ethan Ngo sold 64,998 shares of BKV stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $23.00, for a total value of $1,494,954.00. Following the completion of the sale, the insider owned 112,675 shares in the company, valued at $2,591,525. This represents a 36.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,448 shares of company stock worth $2,851,651 over the last quarter. 4.11% of the stock is currently owned by company insiders.

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.