Lindsay Larrick Sells 15,000 Shares of BKV (NYSE:BKV) Stock

Key Points

• Insider Lindsay Larrick sold 15,000 shares of BKV Corporation (NYSE:BKV) at an average price of $23.20, totaling $348,000, which reduced their ownership by 7.84%.
• BKV's latest earnings report showed an EPS of $0.39, exceeding analyst expectations and generating revenue of $322.04 million for the quarter.
• Analysts have set a consensus price target of $27.88 for BKV, with Barclays upgrading its price objective from $29.00 to $30.00.

BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay Larrick sold 15,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $23.20, for a total transaction of $348,000.00. Following the completion of the sale, the insider owned 176,341 shares in the company, valued at approximately $4,091,111.20. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BKV Trading Up 2.6%

BKV traded up $0.60 during mid-day trading on Wednesday, hitting $23.73. The stock had a trading volume of 312,777 shares, compared to its average volume of 408,134. The stock's fifty day simple moving average is $21.74 and its 200-day simple moving average is $21.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market capitalization of $2.01 billion and a price-to-earnings ratio of -118.65. BKV Corporation has a 1-year low of $15.00 and a 1-year high of $26.78.

BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.24. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. The business had revenue of $322.04 million for the quarter, compared to analyst estimates of $224.05 million. As a group, research analysts forecast that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BKV. California State Teachers Retirement System bought a new position in shares of BKV in the 4th quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company's stock valued at $102,000 after acquiring an additional 1,166 shares during the period. Bank of New York Mellon Corp grew its position in shares of BKV by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock valued at $745,000 after acquiring an additional 6,209 shares during the period. Quantbot Technologies LP bought a new position in shares of BKV in the 1st quarter valued at about $1,605,000. Finally, Cooper Creek Partners Management LLC bought a new position in shares of BKV in the 2nd quarter valued at about $8,215,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of BKV from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Mizuho dropped their price objective on shares of BKV from $35.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, BKV presently has an average rating of "Buy" and a consensus price target of $27.88.

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.

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