Key Points
- BKV insider Lindsay Larrick sold 10,000 shares at an average price of $26.16, totaling $261,600, under a pre-arranged Rule 10b5-1 trading plan. The sale reduced their ownership by 10.65% to 83,925 shares.
- BKV shares opened at $26.39 and were down 1.3%, with the stock trading below its 200-day moving average. The company has a market capitalization of approximately $2.89 billion and a price-to-earnings ratio of 9.63.
- The company reported quarterly earnings of $0.46 per share, beating estimates of $0.25, while revenue of $465.54 million exceeded expectations. Analysts maintain an overall “Moderate Buy” rating with an average price target of $34.25.
BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay Larrick sold 10,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider owned 83,925 shares of the company's stock, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BKV Trading Down 1.3%
Shares of NYSE:BKV opened at $26.39 on Tuesday. The company's 50-day moving average price is $25.49 and its two-hundred day moving average price is $27.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. BKV Corporation has a one year low of $20.08 and a one year high of $32.81. The stock has a market capitalization of $2.89 billion, a PE ratio of 9.63 and a beta of 1.09.
BKV (NYSE:BKV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 6.68% and a net margin of 17.73%. On average, equities analysts forecast that BKV Corporation will post 1.77 EPS for the current fiscal year.
Institutional Trading of BKV
Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. acquired 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 holdings in shares of BKV by 34.3% during the 4th 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 last quarter. PEAK6 LLC bought a new stake in BKV in the 2nd quarter valued at $270,000. Jupiter Topco LLC bought a new stake in BKV in the 2nd quarter valued at $446,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in BKV during the 2nd quarter valued at $479,000.
Wall Street Analyst Weigh In
BKV has been the topic of several recent analyst reports. Wall Street Zen raised BKV from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Jefferies Financial Group reissued a "buy" rating and issued a $34.00 price objective on shares of BKV in a report on Friday, July 10th. Weiss Ratings cut shares of BKV from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 27th. Zacks Research raised shares of BKV from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Finally, Susquehanna cut their price target on shares of BKV from $37.00 to $35.00 and set a "positive" rating for the company in a research note on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.25.
Read Our Latest Report on BKV
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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