Insider Selling: BKV (NYSE:BKV) Insider Sells $566,725.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay Larrick sold 22,669 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $25.00, for a total value of $566,725.00. Following the sale, the insider owned 143,672 shares in the company, valued at approximately $3,591,800. This trade represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

BKV Stock Up 2.4%

BKV opened at $25.36 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.15 billion, a P/E ratio of -126.81 and a beta of 1.70. BKV Corporation has a 52 week low of $15.00 and a 52 week high of $26.78. The business’s fifty day simple moving average is $22.43 and its 200 day simple moving average is $21.89.

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

Institutional Investors Weigh In On BKV

Institutional investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC purchased a new position in BKV during the second quarter worth approximately $8,215,000. Quantbot Technologies LP purchased a new stake in shares of BKV during the 1st quarter valued at $1,605,000. Geode Capital Management LLC increased its holdings in shares of BKV by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 376,232 shares of the company’s stock worth $9,076,000 after buying an additional 45,989 shares during the last quarter. Strs Ohio purchased a new position in shares of BKV in the 3rd quarter worth $278,000. Finally, Bank of New York Mellon Corp boosted its holdings in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after acquiring an additional 6,209 shares during the last quarter.

Wall Street Analyst Weigh In

BKV has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BKV in a research report on Wednesday, October 8th. Mizuho increased their price target on BKV from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.17.

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.