Eric S. Jacobsen Sells 31,350 Shares of BKV Corporation (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV - Get Free Report) insider Eric S. Jacobsen sold 31,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $20.01, for a total transaction of $627,313.50. Following the sale, the insider now owns 289,253 shares in the company, valued at $5,787,952.53. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BKV Stock Performance

NYSE:BKV traded up $1.29 during mid-day trading on Monday, reaching $21.76. The stock had a trading volume of 218,232 shares, compared to its average volume of 461,205. The firm has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $21.14. BKV Corporation has a one year low of $15.00 and a one year high of $26.78.

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 the consensus estimate of $0.15 by $0.26. The company had revenue of $216.13 million during the quarter, compared to the consensus estimate of $223.20 million. On average, sell-side analysts predict that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Institutional Trading of BKV

Several hedge funds and other institutional investors have recently bought and sold shares of BKV. SG Americas Securities LLC bought a new stake in BKV in the fourth quarter valued at approximately $157,000. Bank of New York Mellon Corp purchased a new position in shares of BKV during the fourth quarter valued at approximately $695,000. Corebridge Financial Inc. purchased a new position in shares of BKV during the fourth quarter valued at approximately $170,000. Geode Capital Management LLC purchased a new position in shares of BKV during the fourth quarter valued at approximately $7,728,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of BKV during the fourth quarter valued at approximately $9,553,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BKV shares. KeyCorp decreased their price target on shares of BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Barclays lifted their target price on BKV from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Truist Financial dropped their price target on BKV from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has an average rating of "Buy" and an average target price of $27.88.

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.

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