Key Points
- BKV SVP Javier Hinojosa sold 12,377 shares for approximately $318,460 at an average price of $25.73 under a pre-arranged Rule 10b5-1 trading plan. His remaining direct ownership fell 12.81% to 84,276 shares.
- BKV reported quarterly EPS of $0.46, surpassing the $0.25 consensus estimate, while revenue of $465.54 million also exceeded expectations. The company posted a 17.73% net margin and analysts expect $1.77 in full-year EPS.
- Analysts maintain a generally positive view, with eight Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $34.25 versus the stock’s $24.24 opening price.
BKV Corporation (NYSE:BKV - Get Free Report) CFO David Tameron sold 1,500 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the sale, the chief financial officer owned 57,024 shares in the company, valued at $1,461,525.12. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Tameron also recently made the following trade(s):
- On Thursday, August 20th, David Tameron sold 4,321 shares of BKV stock. The shares were sold at an average price of $26.56, for a total transaction of $114,765.76.
BKV Price Performance
Shares of NYSE:BKV opened at $24.24 on Friday. The firm has a 50 day moving average of $25.54 and a 200-day moving average of $27.61. BKV Corporation has a 12 month low of $20.08 and a 12 month high of $32.81. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.65 billion, a PE ratio of 8.85 and a beta of 1.08.
BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a net margin of 17.73% and a return on equity of 6.67%. On average, equities research analysts predict that BKV Corporation will post 1.77 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on BKV shares. Weiss Ratings downgraded BKV from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 27th. Zacks Research upgraded BKV from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Wall Street Zen raised BKV from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Susquehanna reduced their price objective on BKV from $37.00 to $35.00 and set a "positive" rating on the stock in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $34.00 target price on shares of BKV in a research report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, BKV has an average rating of "Moderate Buy" and a consensus price target of $34.25.
Check Out Our Latest Report on BKV
Institutional Trading of BKV
A number of hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey grew its stake in shares of BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company's stock worth $155,000 after buying an additional 1,455 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BKV in the 4th quarter valued at $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of BKV by 37.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company's stock valued at $823,000 after acquiring an additional 8,144 shares during the last quarter. PEAK6 LLC bought a new stake in BKV during the 2nd quarter worth $270,000. Finally, IMC Chicago LLC grew its position in BKV by 100.0% during the 2nd quarter. IMC Chicago LLC now owns 24,205 shares of the company's stock worth $662,000 after acquiring an additional 12,105 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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