SIR Capital Management L.P. Makes New $1.14 Million Investment in BKV Corporation $BKV

SIR Capital Management L.P. acquired a new position in shares of BKV Corporation (NYSE:BKV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,500 shares of the company’s stock, valued at approximately $1,135,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of BKV in the 2nd quarter valued at $74,241,000. William Blair Investment Management LLC acquired a new stake in BKV during the 2nd quarter worth about $32,689,000. Bank of New York Mellon Corp acquired a new stake in BKV during the 2nd quarter worth about $15,261,000. Cooper Creek Partners Management LLC lifted its position in BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after acquiring an additional 416,281 shares during the period. Finally, Geode Capital Management LLC grew its stake in BKV by 40.4% during the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares during the last quarter.

Insider Buying and Selling

In other BKV news, 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 value of $38,445.00. Following the sale, the chief financial officer owned 57,024 shares in the company, valued at approximately $1,461,525.12. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21. Following the sale, the senior vice president directly owned 84,276 shares in the company, valued at $2,168,421.48. The trade was a 12.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 53,198 shares of company stock worth $1,405,521. 2.51% of the stock is currently owned by company insiders.

BKV Stock Performance

Shares of BKV stock opened at $24.14 on Tuesday. The stock has a market cap of $2.64 billion, a PE ratio of 8.81 and a beta of 1.09. The business has a 50-day simple moving average of $25.53 and a 200-day simple moving average of $27.58. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. BKV Corporation has a 52-week low of $20.08 and a 52-week high of $32.81.

BKV (NYSE:BKV) last issued its 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 for the quarter, compared to the consensus estimate of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. On average, equities analysts expect that BKV Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BKV. Wall Street Zen upgraded BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Susquehanna cut their price target on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Truist Financial reduced their price target on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Weiss Ratings cut shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.25.

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.