BKV (NYSE:BKV) SVP Javier Hinojosa Sells 4,952 Shares of Company Stock

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 4,952 shares of the stock in a transaction 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 completion of the sale, the senior vice president directly owned 71,896 shares in the company, valued at $1,503,345.36. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was 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 Trading Up 2.3%

BKV traded up $0.47 during trading on Monday, reaching $20.83. The company had a trading volume of 1,759,890 shares, compared to its average volume of 1,996,401. The firm’s 50-day simple moving average is $23.56 and its 200 day simple moving average is $26.62. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 7.60 and a beta of 1.13. BKV Corporation has a 12-month low of $20.03 and a 12-month high of $32.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15.

BKV (NYSE:BKV) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. Equities research analysts anticipate that BKV Corporation will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BKV has been the topic of several recent analyst reports. Raymond James Financial set a $29.00 target price on shares of BKV in a research note on Tuesday, September 15th. Barclays dropped their target price on shares of BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Truist Financial raised their price objective on BKV from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $34.00 price target on shares of BKV in a report on Friday, July 10th. Finally, Wall Street Zen cut BKV from a “sell” rating to a “strong sell” rating in a report on Saturday, October 17th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, BKV currently has a consensus rating of “Buy” and an average target price of $33.67.

Institutional Investors Weigh In On BKV

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of BKV during the 2nd quarter valued at $74,241,000. Cooper Creek Partners Management LLC increased its stake 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 purchasing an additional 416,281 shares in the last quarter. William Blair Investment Management LLC bought a new stake in BKV during the 2nd quarter worth about $32,689,000. Value Aligned Research Advisors LLC lifted its position in shares of BKV by 110.5% in the second 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 during the 2nd quarter worth $16,177,000.

BKV Company Profile

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.