Key Points
- BKV insider Eric Jacobsen sold 25,000 shares on Monday, June 1 at an average price of $26.89, totaling about $672,250. The sale reduced his ownership by 9.89% and was made under a pre-arranged Rule 10b5-1 trading plan.
- BKV shares traded around $26.55 after the filing, with the company valued at about $2.90 billion and a price-to-earnings ratio of 8.05. The stock has traded between $19.56 and $32.81 over the past 52 weeks.
- In its latest quarterly results, BKV missed EPS expectations with earnings of $0.22 per share versus the $0.36 consensus, though revenue came in above estimates at $432.85 million. Analysts currently rate the stock Moderate Buy with a consensus price target of $34.50.
BKV Corporation (NYSE:BKV - Get Free Report) insider Eric Jacobsen sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the sale, the insider owned 227,843 shares of the company's stock, valued at $6,126,698.27. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BKV Stock Performance
BKV opened at $26.55 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.90 billion, a PE ratio of 8.05 and a beta of 1.06. The business has a fifty day simple moving average of $28.42 and a 200-day simple moving average of $28.28. BKV Corporation has a fifty-two week low of $19.56 and a fifty-two week high of $32.81.
BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The company had revenue of $432.85 million during the quarter, compared to analysts' expectations of $337.64 million. As a group, equities analysts predict that BKV Corporation will post 1.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Citigroup reissued a "buy" rating and issued a $36.00 price objective on shares of BKV in a research note on Tuesday, March 10th. Weiss Ratings downgraded shares of BKV from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of BKV from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 16th. Jefferies Financial Group cut their price objective on BKV from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, April 14th. Finally, Truist Financial started coverage on BKV in a research report on Tuesday, March 24th. They issued a "buy" rating and a $37.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.
Check Out Our Latest Report on BKV
Hedge Funds Weigh In On BKV
A number of institutional investors and hedge funds have recently bought and sold shares of BKV. Strs Ohio bought a new position in shares of BKV during the 3rd quarter worth about $278,000. Cooper Creek Partners Management LLC raised its stake in shares of BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company's stock valued at $10,678,000 after buying an additional 121,082 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of BKV during the 4th quarter valued at about $1,509,000. Geode Capital Management LLC increased its stake in BKV by 40.4% in the fourth quarter. Geode Capital Management LLC now owns 556,539 shares of the company's stock valued at $15,114,000 after acquiring an additional 160,171 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in BKV in the fourth quarter worth about $52,000.
BKV Company Profile
(
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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