BKV (NYSE:BKV) SVP Sells $318,460.21 in Stock

Key Points

• BKV SVP Javier Hinojosa sold 12,377 shares at an average price of $25.73, generating $318,460.21. The Rule 10b5-1 plan transaction reduced his holdings by 12.81% to 84,276 shares.
• BKV shares fell 7.3% to $24.19 during Friday trading, while the company maintains a market capitalization of approximately $2.65 billion. Its latest quarterly results exceeded expectations, with EPS of $0.46 versus the $0.25 consensus and revenue of $465.54 million.
• Analysts remain broadly positive, with eight Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $34.25. Recent targets range from $33 to $36.

BKV Corporation (NYSE:BKV - Get Free Report) SVP Javier Hinojosa sold 12,377 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.73, for a total value of $318,460.21. Following the completion of the transaction, the senior vice president owned 84,276 shares in the company, valued at $2,168,421.48. This represents a 12.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Down 7.3%

NYSE BKV traded down $1.91 during trading on Friday, reaching $24.19. The company's stock had a trading volume of 905,259 shares, compared to its average volume of 888,367. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.65 billion, a PE ratio of 8.83 and a beta of 1.08. BKV Corporation has a 1-year low of $20.08 and a 1-year high of $32.81. The business has a 50-day moving average price of $25.55 and a 200-day moving average price of $27.64.

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

Institutional Investors Weigh In On BKV

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC lifted its position in shares of BKV by 35.6% during the 3rd 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 last quarter. Geode Capital Management LLC increased its position in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company's stock worth $15,114,000 after buying an additional 160,171 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new position in BKV in the 4th quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of BKV by 34.3% during 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 buying an additional 1,455 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company's stock worth $15,541,000 after buying an additional 62,485 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BKV. Barclays boosted their price target on BKV from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Citigroup lowered their price objective on BKV from $36.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 11th. Susquehanna reduced their target price on BKV from $37.00 to $35.00 and set a "positive" rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised BKV from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Truist Financial lowered their price target on BKV from $34.00 to $33.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.25.

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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