BKV (NYSE:BKV) Stock Price Down 5.4% - Time to Sell?

Key Points

• BKV shares fell 5.4% to about $21.83, with trading volume 46% below the average daily level. The stock remains below its 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $33.56, implying substantial upside from the current price.
• BKV exceeded quarterly expectations, reporting $0.46 in EPS versus a $0.25 estimate and $465.54 million in revenue versus $355.25 million expected. However, insiders have sold 28,198 shares worth approximately $733,271 over the past 90 days.

BKV Corporation (NYSE:BKV - Get Free Report) shares traded down 5.4% during mid-day trading on Friday. The company traded as low as $21.87 and last traded at $21.8260. 570,481 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,060,906 shares. The stock had previously closed at $23.08.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BKV shares. Evercore upgraded shares of BKV to a "strong-buy" rating in a report on Friday, September 18th. Barclays dropped their price target on shares of BKV from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 15th. Wall Street Zen upgraded BKV from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Zacks Research raised BKV from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. Finally, Truist Financial lowered their price objective on BKV from $34.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.56.

BKV Stock Down 6.1%

The stock has a 50 day moving average price of $24.76 and a 200 day moving average price of $26.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The company has a market capitalization of $2.37 billion, a P/E ratio of 7.91 and a beta of 1.06.

BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million for the quarter, compared to analysts' expectations of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. Equities research analysts forecast that BKV Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Lindsay Larrick sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the sale, the insider owned 83,925 shares in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the completion of the transaction, the chief financial officer owned 57,024 shares in the company, valued at approximately $1,461,525.12. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,198 shares of company stock valued at $733,271. Company insiders own 2.51% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the fourth quarter valued at about $52,000. PEAK6 LLC bought a new stake in shares of BKV in the second quarter worth about $270,000. Arizona State Retirement System purchased a new position in BKV during the 2nd quarter valued at about $289,000. Jupiter Topco LLC purchased a new position in BKV during the 2nd quarter valued at about $446,000. Finally, The Manufacturers Life Insurance Company bought a new position in BKV during the 2nd quarter valued at approximately $479,000.

BKV Company Profile

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV's activities are primarily concentrated in major U.S.

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