BKV (NYSE:BKV) CFO David Tameron Sells 4,321 Shares of Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 4,321 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.56, for a total value of $114,765.76. Following the sale, the chief financial officer owned 58,524 shares of the company’s stock, valued at approximately $1,554,397.44. This trade represents a 6.88% decrease in their position. 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.

David Tameron also recently made the following trade(s):

• On Friday, August 21st, David Tameron sold 1,500 shares of BKV stock. The shares were sold at an average price of $25.63, for a total value of $38,445.00.

BKV Stock Down 7.1%

Shares of BKV stock opened at $24.24 on Friday. The stock’s 50 day simple moving average is $25.54 and its 200 day simple moving average is $27.61. BKV Corporation has a twelve month low of $20.08 and a twelve month high of $32.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08.

BKV (NYSE:BKV) last announced its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The firm had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. As a group, research analysts predict that BKV Corporation will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV in the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey increased its position 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 acquiring an additional 1,455 shares during the period. PEAK6 LLC bought a new position in BKV during the second quarter worth $270,000. Jupiter Topco LLC acquired a new position in BKV during the 2nd quarter valued at $446,000. Finally, The Manufacturers Life Insurance Company acquired a new position in BKV during the 2nd quarter valued at $479,000.

Wall Street Analyst Weigh In

BKV has been the topic of a number of research analyst 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. Barclays lifted their target price on shares of BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Citigroup lowered their price target on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.