Key Points
- BKV SVP Javier Hinojosa sold 4,952 shares at an average price of $20.91, generating proceeds of $103,546.32. The Rule 10b5-1 transaction reduced his direct ownership by 6.44% to 71,896 shares.
- BKV recently reported quarterly EPS of $0.46, exceeding the $0.25 consensus estimate, while revenue of $465.54 million also surpassed expectations. The stock opened at $20.83, near its 52-week low, with a market capitalization of approximately $2.28 billion.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $33.67, despite mixed recent rating changes. Several institutional investors, including William Blair and Bank of America, initiated or increased positions in the second quarter.
BKV Corporation (NYSE:BKV - Get Free Report) SVP Javier Hinojosa sold 4,952 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $20.91, for a total value of $103,546.32. Following the transaction, the senior vice president directly owned 71,896 shares of the company's stock, valued at approximately $1,503,345.36. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Javier Hinojosa also recently made the following trade(s):
- On Friday, September 25th, Javier Hinojosa sold 7,428 shares of BKV stock. The shares were sold at an average price of $22.66, for a total value of $168,318.48.
- 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 value of $318,460.21.
BKV Stock Up 2.3%
BKV stock opened at $20.83 on Tuesday. The stock's 50 day moving average price is $23.56 and its 200 day moving average price is $26.62. BKV Corporation has a 1-year low of $20.03 and a 1-year high of $32.81. The company has a market cap of $2.28 billion, a PE ratio of 7.60 and a beta of 1.13. 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 (NYSE:BKV - Get Free Report) last released its quarterly earnings data 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. BKV had a return on equity of 6.67% and a net margin of 17.73%. The firm had revenue of $465.54 million during the quarter, compared to analysts' expectations of $355.25 million. On average, sell-side analysts predict that BKV Corporation will post 1.49 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently weighed in on BKV. Zacks Research raised shares of BKV from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Weiss Ratings cut shares of BKV from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Susquehanna dropped their target price on shares of BKV from $37.00 to $35.00 and set a "positive" rating for the company in a report on Tuesday, July 21st. Truist Financial lifted their price target on shares of BKV from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, October 14th. Finally, Wall Street Zen lowered BKV from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $33.67.
Check Out Our Latest Report on BKV
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in shares of BKV in the second quarter valued at $15,261,000. Value Aligned Research Advisors LLC lifted its position in BKV by 110.5% during the second quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company's stock worth $18,602,000 after buying an additional 356,848 shares during the period. William Blair Investment Management LLC purchased a new position in BKV during the second quarter worth about $32,689,000. Moore Capital Management LP acquired a new stake in BKV in the 2nd quarter worth about $2,001,000. Finally, Bank of America Corp DE acquired a new stake in BKV in the 2nd quarter worth about $16,177,000.
About BKV
(
Get Free Report)
BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company's operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.
In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
