Cooper Creek Partners Management LLC Makes New $8.22 Million Investment in BKV Corporation $BKV

Cooper Creek Partners Management LLC purchased a new stake in shares of BKV Corporation (NYSE:BKV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 340,575 shares of the company’s stock, valued at approximately $8,215,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of BKV by 13.9% in the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock valued at $9,076,000 after buying an additional 45,989 shares during the period. Quantbot Technologies LP bought a new stake in BKV in the first quarter worth about $1,605,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in BKV by 37.9% in the 2nd 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.

Analyst Ratings Changes

BKV has been the topic of several recent research reports. Barclays assumed coverage on shares of BKV in a research note on Thursday, November 13th. They issued an “overweight” rating and a $32.00 price objective on the stock. Mizuho lifted their price target on shares of BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Zacks Research raised BKV from a “hold” rating to a “strong-buy” rating in a report on Thursday. Susquehanna raised their price objective on BKV from $32.00 to $33.00 and gave the stock a “positive” rating in a research note on Tuesday, November 11th. Finally, KeyCorp lifted their target price on BKV from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $30.67.

Insiders Place Their Bets

In related news, insider Lindsay B. Larrick sold 22,669 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $566,725.00. Following the completion of the sale, the insider directly owned 143,672 shares of the company’s stock, valued at approximately $3,591,800. This represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 54,187 shares of company stock worth $1,311,375 over the last quarter. 4.11% of the stock is currently owned by insiders.

BKV Stock Up 1.0%

Shares of NYSE:BKV opened at $28.96 on Friday. The firm has a 50 day simple moving average of $24.27 and a 200 day simple moving average of $22.89. BKV Corporation has a 52 week low of $15.00 and a 52 week high of $29.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market cap of $2.61 billion, a PE ratio of 55.68 and a beta of 1.57.

BKV (NYSE:BKV) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.34. The firm had revenue of $199.23 million for the quarter, compared to analysts’ expectations of $234.36 million. BKV had a net margin of 5.67% and a return on equity of 6.91%. As a group, research analysts expect that BKV Corporation will post -1.82 earnings per share for the current year.

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.