BKV Corporation (NYSE:BKV) Insider Ethan Ngo Sells 23,752 Shares

BKV Corporation (NYSE:BKV - Get Free Report) insider Ethan Ngo sold 23,752 shares of BKV stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $22.01, for a total value of $522,781.52. Following the completion of the transaction, the insider now owns 221,007 shares of the company's stock, valued at $4,864,364.07. The trade was a 9.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ethan Ngo also recently made the following trade(s):

• On Tuesday, May 13th, Ethan Ngo sold 19,582 shares of BKV stock. The stock was sold at an average price of $22.01, for a total value of $430,999.82.
• On Friday, May 2nd, Ethan Ngo sold 21,667 shares of BKV stock. The stock was sold at an average price of $18.47, for a total value of $400,189.49.
• On Thursday, April 3rd, Ethan Ngo sold 21,667 shares of BKV stock. The stock was sold at an average price of $20.09, for a total value of $435,290.03.

BKV Trading Down 1.8%

Shares of NYSE:BKV traded down $0.39 during trading on Friday, reaching $21.48. The company had a trading volume of 500,500 shares, compared to its average volume of 452,594. The stock's fifty day moving average price is $19.40 and its 200 day moving average price is $21.45. BKV Corporation has a fifty-two week low of $15.00 and a fifty-two week high of $26.78.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BKV. Driehaus Capital Management LLC acquired a new position in shares of BKV in the fourth quarter valued at approximately $9,553,000. Geode Capital Management LLC purchased a new stake in shares of BKV in the fourth quarter valued at approximately $7,728,000. Quantbot Technologies LP purchased a new stake in shares of BKV in the first quarter valued at approximately $1,605,000. Bank of New York Mellon Corp purchased a new stake in shares of BKV in the fourth quarter valued at approximately $695,000. Finally, Corebridge Financial Inc. purchased a new stake in shares of BKV in the fourth quarter valued at approximately $170,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BKV shares. Evercore ISI raised their target price on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday. KeyCorp cut their target price on BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Barclays lifted their price target on BKV from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Truist Financial cut their price target on BKV from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has a consensus 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.