BKV (NYSE:BKV) Trading Down 3.5% - Time to Sell?

BKV Corporation (NYSE:BKV - Get Free Report)'s share price fell 3.5% during trading on Monday . The stock traded as low as $21.64 and last traded at $21.37. 8,654 shares were traded during trading, a decline of 98% from the average session volume of 441,452 shares. The stock had previously closed at $22.14.

Wall Street Analysts Forecast Growth

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

BKV Price Performance

The company has a 50-day moving average price of $22.69 and a 200 day moving average price of $21.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.41 and a quick ratio of 0.39.

BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.26. The firm had revenue of $216.13 million during the quarter, compared to analyst estimates of $223.20 million. Research analysts expect that BKV Corporation will post -1.82 earnings per share for the current year.

Insiders Place Their Bets

In other BKV news, CFO David Tameron sold 4,409 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $17.94, for a total transaction of $79,097.46. Following the transaction, the chief financial officer owned 43,370 shares in the company, valued at approximately $778,057.80. This represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lindsay B. Larrick sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $23.13, for a total value of $231,300.00. Following the completion of the transaction, the insider owned 210,528 shares in the company, valued at approximately $4,869,512.64. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,208 shares of company stock worth $4,695,833. Company insiders own 4.11% of the company's stock.

Institutional Investors Weigh In On BKV

Several hedge funds and other institutional investors have recently made changes to their positions in BKV. Quantbot Technologies LP acquired a new stake in BKV during the first quarter worth $1,605,000. Bank of New York Mellon Corp boosted its holdings in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock valued at $745,000 after purchasing an additional 6,209 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of BKV in the 4th quarter valued at about $26,000. Driehaus Capital Management LLC purchased a new stake in shares of BKV in the 4th quarter valued at about $9,553,000. Finally, Geode Capital Management LLC purchased a new stake in shares of BKV during the fourth quarter worth approximately $7,728,000.

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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