BKV (NYSE:BKV) Insider Lindsay Larrick Sells 10,000 Shares of Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 10,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $26.16, for a total transaction of $261,600.00. Following the sale, the insider owned 83,925 shares of the company’s stock, valued at $2,195,478. The trade was a 10.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Performance

BKV stock opened at $26.39 on Tuesday. BKV Corporation has a twelve month low of $20.08 and a twelve month high of $32.81. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.89 billion, a P/E ratio of 9.63 and a beta of 1.09. The business’s fifty day moving average is $25.49 and its 200-day moving average is $27.70.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The business 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%. Equities research analysts forecast that BKV Corporation will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Citigroup lowered their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, June 11th. Barclays increased their target price on shares of BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC boosted its holdings in shares of BKV by 24.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares during the period. Bank of New York Mellon Corp lifted its position in BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock valued at $15,541,000 after acquiring an additional 62,485 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in BKV in the 4th quarter valued at $52,000. Jupiter Topco LLC acquired a new position in BKV in the 2nd quarter worth $446,000. Finally, The Manufacturers Life Insurance Company acquired a new position in BKV in the 2nd quarter worth $479,000.

BKV Company Profile

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.