Key Points
- Insider sale: Eric Jacobsen sold 25,000 shares on May 1 at an average price of $30.96 for $774,000, reducing his stake by 9% to 252,843 shares; the transaction was disclosed in an SEC filing and executed under a pre-arranged Rule 10b5-1 trading plan.
- Recent results and valuation: BKV missed estimates last quarter with EPS of $0.29 versus $0.37 expected and revenue of $259.91M (vs. $268.05M est.), and trades around $32 with a market cap of $3.51B and a P/E of 16.46.
- Analyst sentiment: Coverage is mixed but leans positive — the consensus rating is "Moderate Buy" with a $33.56 average price target, though individual firms range from Buy to Sell.
BKV Corporation (NYSE:BKV - Get Free Report) insider Eric Jacobsen sold 25,000 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $30.96, for a total value of $774,000.00. Following the transaction, the insider directly owned 252,843 shares in the company, valued at $7,828,019.28. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BKV Stock Up 2.5%
Shares of NYSE:BKV opened at $32.09 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24. BKV Corporation has a 52-week low of $17.82 and a 52-week high of $32.81. The company has a 50 day moving average of $29.04 and a two-hundred day moving average of $27.48. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 16.46 and a beta of 1.37.
BKV (NYSE:BKV - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). The firm had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. BKV had a return on equity of 7.91% and a net margin of 17.16%. As a group, analysts forecast that BKV Corporation will post 2.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Zacks Research raised shares of BKV from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 16th. KeyCorp boosted their price target on BKV from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, April 2nd. Truist Financial began coverage on BKV in a report on Tuesday, March 24th. They issued a "buy" rating and a $37.00 price target for the company. Citigroup restated a "buy" rating and set a $36.00 price objective on shares of BKV in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered BKV from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.56.
View Our Latest Research Report on BKV
Institutional Investors Weigh In On BKV
A number of institutional investors have recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BKV during the fourth quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey increased its holdings in BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock valued at $155,000 after buying an additional 1,455 shares during the last quarter. Strs Ohio acquired a new stake in BKV during the third quarter valued at approximately $278,000. SG Americas Securities LLC bought a new position in BKV during the 4th quarter worth approximately $1,509,000. Finally, Cooper Creek Partners Management LLC lifted its holdings in BKV by 35.6% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock worth $10,678,000 after buying an additional 121,082 shares during the last quarter.
About BKV
(
Get Free Report)
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.
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