BKV Target of Unusually Large Options Trading (NYSE:BKV)

BKV Corporation (NYSE:BKV) was the recipient of some unusual options trading on Tuesday. Investors purchased 10,189 call options on the stock. This represents an increase of 4,895% compared to the typical volume of 204 call options.

BKV Stock Down 0.9%

Shares of BKV stock traded down $0.23 during mid-day trading on Tuesday, reaching $26.82. 237,708 shares of the company were exchanged, compared to its average volume of 889,237. BKV has a fifty-two week low of $19.56 and a fifty-two week high of $32.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.27 and a current ratio of 1.31. The company has a market capitalization of $2.93 billion, a P/E ratio of 8.13 and a beta of 1.03. The business’s 50 day simple moving average is $27.28 and its 200 day simple moving average is $28.04.

BKV (NYSE:BKV) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a net margin of 21.71% and a return on equity of 6.43%. The company had revenue of $432.85 million during the quarter, compared to analyst estimates of $337.63 million. Research analysts predict that BKV will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on BKV shares. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Citigroup reduced their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Truist Financial began coverage on shares of BKV in a report on Tuesday, March 24th. They set a “buy” rating and a $37.00 price target for the company. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group decreased their price objective on shares of BKV from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.12.

Insider Buying and Selling

In other BKV news, insider Eric S. Jacobsen sold 25,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $26.89, for a total transaction of $672,250.00. Following the transaction, the insider owned 227,843 shares in the company, valued at $6,126,698.27. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On BKV

Several large investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC boosted its position in shares of BKV by 24.7% during the first 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 during the period. Geode Capital Management LLC increased its position in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after acquiring an additional 160,171 shares during the period. Bank of New York Mellon Corp raised its stake in BKV by 13.0% during 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. SG Americas Securities LLC bought a new stake in BKV during the 4th quarter valued at $1,509,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in BKV during the 4th quarter worth $52,000.

About BKV

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.