Javier Hinojosa Sells 12,377 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the transaction, the senior vice president directly owned 84,276 shares in the company, valued at $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Down 7.1%

Shares of NYSE:BKV opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08. The company has a 50 day moving average of $25.54 and a 200-day moving average of $27.61. BKV Corporation has a one year low of $20.08 and a one year high of $32.81.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.67%. The business had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. On average, sell-side analysts forecast that BKV Corporation will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On BKV

Several institutional investors and hedge funds have recently made changes to their positions in BKV. BlackRock Inc. bought a new stake in shares of BKV in the 2nd quarter valued at $74,241,000. William Blair Investment Management LLC bought a new position in BKV during the second quarter worth about $32,689,000. Bank of America Corp DE bought a new position in BKV during the second quarter worth about $16,177,000. Bank of New York Mellon Corp acquired a new position in BKV in the second quarter valued at about $15,261,000. Finally, Cooper Creek Partners Management LLC grew its stake in 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 acquiring an additional 416,281 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BKV shares. Citigroup cut their price target on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Susquehanna dropped their price objective on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 21st. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 target price on shares of BKV in a research note on Friday, July 10th. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Truist Financial decreased their target price on BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

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.