Eric Jacobsen Sells 25,000 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) insider Eric Jacobsen sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $26.89, for a total value of $672,250.00. Following the completion of the transaction, the insider directly owned 227,843 shares in the company, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Price Performance

NYSE BKV traded down $0.01 during trading hours on Monday, reaching $26.54. The company’s stock had a trading volume of 351,862 shares, compared to its average volume of 893,267. The firm’s 50-day moving average price is $28.47 and its 200-day moving average price is $28.29. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. BKV Corporation has a 1 year low of $19.56 and a 1 year high of $32.81. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 8.03 and a beta of 1.06.

BKV (NYSE:BKV) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The business had revenue of $432.85 million during the quarter, compared to analysts’ expectations of $337.64 million. On average, equities research analysts predict that BKV Corporation will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKV shares. Citigroup reissued a “buy” rating and set a $36.00 target price on shares of BKV in a research report on Tuesday, March 10th. Jefferies Financial Group cut their price objective on BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research cut BKV from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, KeyCorp upped their target price on BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Institutional Investors Weigh In On BKV

Hedge funds have recently made changes to their positions in the stock. Cooper Creek Partners Management LLC raised its position in BKV by 24.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after purchasing an additional 416,281 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after buying an additional 160,171 shares during the period. Bank of New York Mellon Corp increased its position in shares of BKV by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares during the period. SG Americas Securities LLC bought a new position in shares of BKV in the fourth quarter valued at $1,509,000. Finally, Strs Ohio bought a new position in shares of BKV during the third quarter valued at about $278,000.

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