BKV Corporation (NYSE:BKV – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $25.95, but opened at $25.11. BKV shares last traded at $25.5760, with a volume of 52,021 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Jefferies Financial Group restated a “buy” rating and set a $34.00 price objective on shares of BKV in a report on Friday, July 10th. Citigroup lowered their price objective 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. Finally, Weiss Ratings cut shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, BKV presently has an average rating of “Moderate Buy” and a consensus price target of $33.62.
Get Our Latest Stock Report on BKV
BKV Price Performance
BKV (NYSE:BKV – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). BKV had a return on equity of 6.43% and a net margin of 21.71%.The business had revenue of $432.85 million during the quarter, compared to analysts’ expectations of $337.63 million. As a group, research analysts forecast that BKV Corporation will post 1.5 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Eric S. Jacobsen sold 25,000 shares of the company’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 sale, the insider directly owned 227,843 shares in the company, valued at $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 SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.51% of the stock is owned by insiders.
Institutional Trading of BKV
Several institutional investors and hedge funds have recently modified their holdings of the business. Cooper Creek Partners Management LLC raised 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 purchasing an additional 416,281 shares in the last quarter. Geode Capital Management LLC grew its stake in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after buying an additional 160,171 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BKV by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BKV in the 4th quarter worth $1,509,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of BKV during the 4th quarter valued at $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.
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