Ethan Ngo Sells 64,998 Shares of BKV Corporation (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV - Get Free Report) insider Ethan Ngo sold 64,998 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $23.00, for a total transaction of $1,494,954.00. Following the sale, the insider now owns 112,675 shares in the company, valued at $2,591,525. The trade was a 36.58% decrease in their ownership of the stock. The transaction 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 Monday, May 12th, Ethan Ngo sold 23,752 shares of BKV stock. The stock was sold at an average price of $22.01, for a total transaction of $522,781.52.
• On Tuesday, May 13th, Ethan Ngo sold 19,582 shares of BKV stock. The shares were 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 Up 0.2%

BKV stock traded up $0.05 during midday trading on Friday, hitting $23.39. 59,217 shares of the company's stock were exchanged, compared to its average volume of 439,498. BKV Corporation has a 12-month low of $15.00 and a 12-month high of $26.78. The firm's 50 day simple moving average is $19.83 and its 200 day simple moving average is $21.53.

BKV (NYSE:BKV - Get Free Report) last announced its 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 business had revenue of $216.13 million for the quarter, compared to analyst estimates of $223.20 million. Analysts forecast that BKV Corporation will post -1.82 earnings per share for the current year.

Institutional Trading of BKV

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

Wall Street Analysts Forecast Growth

BKV has been the subject of a number of research analyst reports. Evercore ISI upped their price target on BKV from $20.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Truist Financial lowered their target price on shares of BKV from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 17th. KeyCorp dropped their target price on shares of BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays boosted their price target on shares of BKV from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $28.13.

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.