SG Americas Securities LLC Makes New Investment in BKV Corporation $BKV

Key Points

• SG Americas Securities LLC bought a new position of 55,591 shares of BKV (~$1.51 million) in the fourth quarter, representing about 0.06% of the company.
• BKV missed Q4 estimates (EPS $0.29 vs. $0.37 expected; revenue $259.91M vs. $268.05M) but its board authorized a $100 million share buyback (up to 3.9% of shares) and analysts hold a consensus "Moderate Buy" rating with a $33.38 target.

SG Americas Securities LLC purchased a new position in shares of BKV Corporation (NYSE:BKV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 55,591 shares of the company's stock, valued at approximately $1,509,000. SG Americas Securities LLC owned about 0.06% of BKV as of its most recent SEC filing.

Separately, Strs Ohio acquired a new position in BKV during the 3rd quarter valued at $278,000.

BKV Stock Performance

Shares of NYSE BKV opened at $27.98 on Tuesday. BKV Corporation has a 52 week low of $15.00 and a 52 week high of $32.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.78. The stock has a 50 day moving average price of $29.58 and a 200 day moving average price of $26.79. The stock has a market capitalization of $3.06 billion, a PE ratio of 14.35 and a beta of 1.64.

BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). BKV had a return on equity of 7.91% and a net margin of 17.16%.The business had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. Analysts predict that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

BKV declared that its Board of Directors has initiated a share buyback program on Thursday, December 18th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at BKV

In other BKV news, CFO David Tameron sold 7,300 shares of the firm's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $29.71, for a total value of $216,883.00. Following the transaction, the chief financial officer directly owned 61,925 shares of the company's stock, valued at $1,839,791.75. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BKV. Citigroup restated a "buy" rating and issued a $36.00 price objective on shares of BKV in a research note on Tuesday, March 10th. KeyCorp lifted their price objective on BKV from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, April 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of BKV in a research report on Monday, December 29th. Wall Street Zen raised BKV from a "sell" rating to a "hold" rating in a research note on Sunday, March 29th. Finally, Truist Financial initiated coverage on shares of BKV in a report on Tuesday, March 24th. They issued a "buy" rating and a $37.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.38.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.

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