Lindsay Larrick Sells 15,000 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 15,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $23.20, for a total transaction of $348,000.00. Following the completion of the sale, the insider owned 176,341 shares in the company, valued at approximately $4,091,111.20. This trade represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

BKV Stock Up 2.0%

NYSE:BKV opened at $24.04 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.56. The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of -120.20. BKV Corporation has a one year low of $15.00 and a one year high of $26.78. The stock has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $21.24.

BKV (NYSE:BKV) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.24. The firm had revenue of $322.04 million for the quarter, compared to analysts’ expectations of $224.05 million. BKV had a positive return on equity of 3.21% and a negative net margin of 2.69%. Sell-side analysts predict that BKV Corporation will post -1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BKV in a report on Saturday, September 27th. Barclays lifted their price target on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Mizuho lowered their target price on BKV from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.88.

Institutional Trading of BKV

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cooper Creek Partners Management LLC bought a new stake in BKV during the second quarter worth approximately $8,215,000. Quantbot Technologies LP acquired a new position in shares of BKV in the 1st quarter worth $1,605,000. Geode Capital Management LLC raised its position in shares of BKV by 13.9% during the second quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after purchasing an additional 45,989 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BKV by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after purchasing an additional 6,209 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in BKV by 37.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,246 shares of the company’s stock worth $102,000 after purchasing an additional 1,166 shares in the last quarter.

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.