Insider Selling: BKV (NYSE:BKV) Insider Sells $261,600.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Down 1.5%

BKV stock traded down $0.41 during midday trading on Monday, reaching $26.32. The stock had a trading volume of 185,175 shares, compared to its average volume of 877,868. The firm’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $27.72. BKV Corporation has a 1-year low of $20.08 and a 1-year high of $32.81. The stock has a market capitalization of $2.88 billion, a P/E ratio of 9.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15.

BKV (NYSE:BKV) last released its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a return on equity of 6.68% and a net margin of 17.73%.The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. As a group, analysts expect that BKV Corporation will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey grew its holdings in BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after purchasing an additional 1,455 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new stake in BKV in the fourth quarter valued at approximately $52,000. PEAK6 LLC bought a new stake in BKV in the second quarter valued at approximately $270,000. IMC Chicago LLC lifted its position in shares of BKV by 100.0% in the second quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock valued at $662,000 after buying an additional 12,105 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of BKV in the second quarter valued at approximately $446,000.

Analysts Set New Price Targets

BKV has been the topic of several recent research reports. Weiss Ratings lowered shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Truist Financial reduced their price objective on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and issued a $34.00 price objective on shares of BKV in a report on Friday, July 10th. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Susquehanna dropped their target price on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.25.

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.