Key Points
- BKV SVP Javier Hinojosa sold 7,428 shares at an average price of $22.66, generating $168,318.48. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 8.81% to 76,848 shares.
- BKV shares opened at $21.61, near the lower end of their 52-week range of $20.08 to $32.81. The company recently reported quarterly earnings of $0.46 per share and revenue of $465.54 million, both above analyst expectations.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $33.56, while institutional investors including BlackRock and William Blair have established or increased positions.
BKV Corporation (NYSE:BKV - Get Free Report) SVP Javier Hinojosa sold 7,428 shares of BKV 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 transaction, the senior vice president directly owned 76,848 shares of the company's stock, valued at $1,741,375.68. This represents a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Javier Hinojosa also recently made the following trade(s):
- On Friday, August 21st, Javier Hinojosa sold 12,377 shares of BKV stock. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21.
BKV Price Performance
Shares of BKV stock opened at $21.61 on Wednesday. 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 $2.37 billion, a price-to-earnings ratio of 7.89 and a beta of 1.06. BKV Corporation has a 1-year low of $20.08 and a 1-year high of $32.81. The firm's 50-day moving average price is $24.52 and its two-hundred day moving average price is $26.42.
BKV (NYSE:BKV - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.67%. The company had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. On average, equities analysts predict that BKV Corporation will post 1.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
BKV has been the subject of a number of recent analyst reports. Raymond James Financial set a $29.00 price target on BKV in a report on Tuesday, September 15th. Barclays reduced their price objective on BKV from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 15th. Citigroup decreased their target price on BKV from $36.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 11th. Evercore upgraded BKV to a "strong-buy" rating in a research note on Friday, September 18th. Finally, Wall Street Zen raised BKV from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.56.
Read Our Latest Stock Analysis on BKV
Institutional Trading of BKV
A number of hedge funds and other institutional investors have recently modified their holdings of BKV. BlackRock Inc. acquired a new stake in shares of BKV in the second quarter valued at approximately $74,241,000. Cooper Creek Partners Management LLC lifted its holdings in BKV by 24.7% during 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 position in BKV in the 2nd quarter valued at $32,689,000. Value Aligned Research Advisors LLC boosted its position in BKV by 110.5% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company's stock valued at $18,602,000 after buying an additional 356,848 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in BKV in the 2nd quarter valued at $16,177,000.
About BKV
(
Get Free Report)
BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.
The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV's activities are primarily concentrated in major U.S.
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