Lindsay Larrick Sells 10,000 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider owned 83,925 shares in the company, valued at $2,195,478. This trade represents a 10.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Trading Up 1.2%

Shares of BKV opened at $26.66 on Wednesday. The company’s fifty day simple moving average is $25.52 and its 200-day simple moving average is $27.69. The company has a market cap of $2.92 billion, a P/E ratio of 9.73 and a beta of 1.09. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. BKV Corporation has a twelve month low of $20.08 and a twelve month high of $32.81.

BKV (NYSE:BKV) last released 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 firm had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.68%. As a group, analysts expect that BKV Corporation will post 1.77 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on BKV shares. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Susquehanna decreased their price target on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price target on shares of BKV in a research note on Friday, July 10th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Barclays upped their price objective on BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

Hedge Funds Weigh In On BKV

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of BKV during the second quarter worth approximately $74,241,000. William Blair Investment Management LLC purchased a new stake in shares of BKV in the second quarter valued at approximately $32,689,000. Value Aligned Research Advisors LLC bought a new position in BKV in the second quarter worth approximately $18,602,000. Bank of America Corp DE bought a new position in BKV in the second quarter worth approximately $16,177,000. Finally, Bank of New York Mellon Corp purchased a new position in BKV during the 2nd quarter worth $15,261,000.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.