BKV Corporation (NYSE:BKV – Get Free Report) CFO David Tameron sold 4,321 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76. Following the completion of the transaction, the chief financial officer directly owned 58,524 shares in the company, valued at approximately $1,554,397.44. This represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a 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 Price Performance
NYSE BKV traded down $0.53 during trading hours on Friday, hitting $25.57. 166,221 shares of the company’s stock traded hands, compared to its average volume of 883,634. The company has a market capitalization of $2.80 billion, a PE ratio of 9.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. BKV Corporation has a 52-week low of $20.08 and a 52-week high of $32.81. The firm’s 50-day moving average is $25.55 and its 200-day moving average is $27.64.
BKV (NYSE:BKV – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.68% and a net margin of 17.73%.The business had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. Equities analysts forecast that BKV Corporation will post 1.77 EPS for the current fiscal year.
Hedge Funds Weigh In On BKV
Analysts Set New Price Targets
Several research analysts have recently commented on BKV shares. Jefferies Financial Group reiterated a “buy” rating and set a $34.00 price target on shares of BKV in a report on Friday, July 10th. Citigroup cut their price target on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Truist Financial decreased their price target on BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.25.
Check Out Our Latest Stock Analysis on BKV
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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