BKV Corporation (NYSE:BKV) Short Interest Update

BKV Corporation (NYSE:BKV) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 4,677,757 shares, an increase of 19.4% from the December 15th total of 3,919,243 shares. Currently, 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 823,446 shares, the days-to-cover ratio is currently 5.7 days. Based on an average daily trading volume, of 823,446 shares, the days-to-cover ratio is currently 5.7 days. Currently, 5.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BKV shares. Mizuho boosted their price objective on shares of BKV from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. KeyCorp restated an “overweight” rating and set a $30.00 price target on shares of BKV in a research report on Friday, December 19th. Susquehanna upped their price target on shares of BKV from $32.00 to $33.00 and gave the company a “positive” rating in a report on Tuesday, November 11th. Barclays assumed coverage on shares of BKV in a report on Thursday, November 13th. They set an “overweight” rating and a $32.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BKV in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.14.

Insider Transactions at BKV

In related news, insider Lindsay B. Larrick sold 22,669 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $566,725.00. Following the transaction, the insider owned 143,672 shares of the company’s stock, valued at $3,591,800. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 39,187 shares of company stock valued at $963,375 in the last ninety days. 4.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BKV. Geode Capital Management LLC grew its position in BKV by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after purchasing an additional 45,989 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in BKV by 37.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock valued at $102,000 after acquiring an additional 1,166 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of BKV during the 2nd quarter valued at about $8,215,000. Strs Ohio purchased a new position in shares of BKV in the third quarter worth approximately $278,000. Finally, SG Americas Securities LLC bought a new stake in BKV during the fourth quarter valued at approximately $1,509,000.

BKV Stock Up 3.3%

BKV stock traded up $0.86 on Tuesday, reaching $27.11. 815,575 shares of the company traded hands, compared to its average volume of 677,723. The firm has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $23.77. The company has a market cap of $2.63 billion, a P/E ratio of 52.13 and a beta of 1.60. BKV has a one year low of $15.00 and a one year high of $29.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.83.

BKV (NYSE:BKV) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.34. BKV had a net margin of 5.67% and a return on equity of 6.91%. The company had revenue of $199.23 million for the quarter, compared to analysts’ expectations of $234.36 million. Research analysts anticipate that BKV will post -1.82 earnings per share for the current year.

BKV announced that its board has approved a stock repurchase plan on Thursday, December 18th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.