BKV (NYSE:BKV) Shares Down 6.5% - Should You Sell?

Key Points

• BKV Corporation shares declined by 6.5%, hitting a low of $22.16 before settling at $22.22 during mid-day trading, with a 22% drop in trading volume from the average.
• Research analysts have mixed opinions about BKV; while Weiss Ratings issued a "sell" rating, Mizuho and Barclays set price targets of $30.00 while maintaining "outperform" and "overweight" ratings.
• The company's latest earnings report showed a profit of $0.39 per share, exceeding expectations, but BKV is projected to have a negative earnings per share of -1.82 for the current year.

Shares of BKV Corporation (NYSE:BKV - Get Free Report) fell 6.5% during mid-day trading on Thursday . The company traded as low as $22.16 and last traded at $22.22. 317,103 shares changed hands during trading, a decline of 22% from the average session volume of 407,264 shares. The stock had previously closed at $23.76.

Wall Street Analysts Forecast Growth

BKV has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BKV in a research report on Wednesday. Mizuho reduced their price objective on shares of BKV from $35.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Finally, Barclays lifted their price target on shares of BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BKV presently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

BKV Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52. The business's 50-day simple moving average is $22.21 and its two-hundred day simple moving average is $21.31. The stock has a market cap of $1.89 billion and a price-to-earnings ratio of -111.35.

BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.24. The company had revenue of $322.04 million during the quarter, compared to analysts' expectations of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. Research analysts expect that BKV Corporation will post -1.82 earnings per share for the current year.

Insider Buying and Selling

In other BKV news, insider Lindsay B. Larrick sold 15,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total value of $348,000.00. Following the completion of the sale, the insider directly owned 176,341 shares in the company, valued at approximately $4,091,111.20. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.11% of the company's stock.

Institutional Trading of BKV

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System bought a new stake in BKV in the fourth quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of BKV by 37.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock worth $102,000 after purchasing an additional 1,166 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock worth $745,000 after purchasing an additional 6,209 shares in the last quarter. Quantbot Technologies LP purchased a new position in BKV during the first quarter valued at approximately $1,605,000. Finally, Cooper Creek Partners Management LLC purchased a new position in BKV during the second quarter valued at approximately $8,215,000.

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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