BKV Corporation (NYSE:BKV) Insider Lindsay B. Larrick Sells 10,000 Shares

BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay B. Larrick sold 10,000 shares of the business's stock in a transaction dated 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 $4,869,512.64. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BKV Trading Down 1.2%

Shares of BKV traded down $0.27 during mid-day trading on Thursday, reaching $22.75. 227,907 shares of the company's stock were exchanged, compared to its average volume of 449,436. The company has a current ratio of 0.41, a quick ratio of 0.39 and a debt-to-equity ratio of 0.13. BKV Corporation has a 52-week low of $15.00 and a 52-week high of $26.78. The company has a 50-day simple moving average of $21.85 and a two-hundred day simple moving average of $21.70.

BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.26. The company had revenue of $216.13 million for the quarter, compared to analysts' expectations of $223.20 million. As a group, sell-side analysts predict that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKV. California State Teachers Retirement System purchased a new stake in shares of BKV in the fourth quarter valued at $26,000. Corebridge Financial Inc. purchased a new stake in BKV in the 4th quarter valued at about $170,000. Bank of New York Mellon Corp acquired a new position in shares of BKV during the 4th quarter valued at about $695,000. Quantbot Technologies LP acquired a new stake in shares of BKV in the first quarter worth approximately $1,605,000. Finally, Geode Capital Management LLC acquired a new stake in shares of BKV in the fourth quarter worth approximately $7,728,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKV. Barclays upped their price target on shares of BKV from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Evercore ISI upped their target price on shares of BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Truist Financial reduced their price target on shares of BKV from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $28.13.

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.