BKV Corporation (NYSE:BKV – Get Free Report) insider Eric Jacobsen sold 25,000 shares of the stock in a transaction on 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 directly owned 227,843 shares in the company, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BKV Stock Up 0.7%
Shares of NYSE BKV opened at $26.93 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of 8.16 and a beta of 1.05. BKV Corporation has a 12-month low of $19.56 and a 12-month high of $32.81. The company’s fifty day simple moving average is $28.33 and its 200 day simple moving average is $28.29. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.
BKV (NYSE:BKV – Get Free Report) last issued its 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). The company had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.64 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. As a group, sell-side analysts forecast that BKV Corporation will post 1.46 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of BKV in the fourth quarter valued at about $52,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares during the last quarter. Strs Ohio purchased a new stake in shares of BKV in the third quarter valued at about $278,000. SG Americas Securities LLC purchased a new stake in shares of BKV in the fourth quarter valued at about $1,509,000. Finally, Cooper Creek Partners Management LLC raised its holdings in shares of BKV by 35.6% in the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after purchasing an additional 121,082 shares during 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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.
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