Insider Selling: BKV Corporation (NYSE:BKV) Insider Sells 10,000 Shares of Stock

BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay B. Larrick sold 10,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $21.65, for a total value of $216,500.00. Following the completion of the sale, the insider now owns 220,528 shares of the company's stock, valued at $4,774,431.20. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BKV Stock Performance

NYSE BKV traded up $0.50 on Friday, reaching $22.51. 143,947 shares of the company were exchanged, compared to its average volume of 446,138. The business's fifty day moving average price is $19.50 and its 200 day moving average price is $21.48. 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 announced its quarterly earnings results on Friday, May 9th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.15 by $0.26. The business had revenue of $216.13 million during the quarter, compared to analyst estimates of $223.20 million. On average, research analysts anticipate that BKV Corporation will post -1.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on BKV from $20.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Barclays lifted their price target on BKV from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. KeyCorp lowered their price target on BKV from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Finally, Truist Financial lowered their price target on BKV from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $28.13.

Hedge Funds Weigh In On BKV

Several large investors have recently modified their holdings of BKV. Driehaus Capital Management LLC purchased a new stake in shares of BKV in the 4th quarter valued at $9,553,000. Geode Capital Management LLC purchased a new position in shares of BKV in the 4th quarter valued at about $7,728,000. Quantbot Technologies LP acquired a new stake in shares of BKV in the 1st quarter valued at about $1,605,000. Bank of New York Mellon Corp acquired a new stake in shares of BKV in the 4th quarter valued at about $695,000. Finally, Corebridge Financial Inc. acquired a new stake in shares of BKV in the 4th quarter valued at about $170,000.

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.