TD Waterhouse Canada Inc. Makes New $1.23 Million Investment in BKV Corporation $BKV

TD Waterhouse Canada Inc. bought a new stake in shares of BKV Corporation (NYSE:BKV) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 57,513 shares of the company’s stock, valued at approximately $1,227,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in BKV in the 2nd quarter worth $74,241,000. Cooper Creek Partners Management LLC increased its stake in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock worth $59,984,000 after buying an additional 416,281 shares in the last quarter. William Blair Investment Management LLC bought a new stake in BKV during the second quarter valued at about $32,689,000. Value Aligned Research Advisors LLC raised its holdings in BKV by 110.5% during the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after acquiring an additional 356,848 shares during the period. Finally, Bank of America Corp DE bought a new stake in BKV during the second quarter valued at about $16,177,000.

BKV Price Performance

Shares of NYSE:BKV opened at $22.27 on Thursday. 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 firm has a fifty day moving average price of $23.90 and a 200 day moving average price of $25.74. BKV Corporation has a fifty-two week low of $20.17 and a fifty-two week high of $32.81. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 8.13 and a beta of 1.13.

BKV (NYSE:BKV) last posted its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. As a group, sell-side analysts expect that BKV Corporation will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on BKV. Barclays lowered their price objective on BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Weiss Ratings upgraded BKV from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Susquehanna cut their target price on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Raymond James Financial set a $29.00 target price on BKV in a research note on Tuesday, September 15th. Finally, Truist Financial boosted their price target on BKV from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $33.67.

Insiders Place Their Bets

In other BKV news, SVP Javier Hinojosa sold 7,428 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $22.66, for a total transaction of $168,318.48. Following the completion of the transaction, the senior vice president owned 76,848 shares of the company’s stock, valued at $1,741,375.68. This represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.63, for a total transaction of $38,445.00. Following the transaction, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at $1,461,525.12. This trade represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 35,626 shares of company stock worth $901,589 in the last 90 days. 2.51% of the stock is currently owned by corporate insiders.

About BKV

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.