57,513 Shares of BKV Corporation $BKV Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. purchased a new stake in shares of BKV Corporation (NYSE:BKV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,513 shares of the company’s stock, valued at approximately $1,227,000. TD Waterhouse Canada Inc. owned 0.05% of BKV as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of BKV during the 2nd quarter valued at about $15,261,000. Value Aligned Research Advisors LLC lifted its stake in shares of BKV by 110.5% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock worth $18,602,000 after purchasing an additional 356,848 shares during the period. William Blair Investment Management LLC purchased a new position in shares of BKV in the second quarter worth approximately $32,689,000. Moore Capital Management LP purchased a new position in shares of BKV in the second quarter worth approximately $2,001,000. Finally, Bank of America Corp DE purchased a new position in shares of BKV in the second quarter worth approximately $16,177,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BKV. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price target on shares of BKV in a research report on Friday, July 10th. Zacks Research upgraded shares of BKV from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded shares of BKV from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Barclays dropped their price target on shares of BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, BKV has an average rating of “Buy” and an average price target of $33.67.

Insider Activity at BKV

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their position. The transaction was disclosed in a legal 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. Also, CFO David Tameron sold 4,321 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76. Following the sale, the chief financial officer owned 58,524 shares in the company, valued at approximately $1,554,397.44. The trade was a 6.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 35,626 shares of company stock worth $901,589. 2.51% of the stock is owned by company insiders.

BKV Stock Performance

Shares of BKV opened at $22.27 on Thursday. 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 business has a 50-day simple moving average of $23.90 and a two-hundred day simple moving average of $25.74. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 8.13 and a beta of 1.13. BKV Corporation has a 52 week low of $20.17 and a 52 week high of $32.81.

BKV (NYSE:BKV) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.46 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 for the quarter, compared to the consensus estimate of $355.25 million. On average, analysts expect that BKV Corporation will post 1.49 EPS for the current year.

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.