BKV Corporation (NYSE:BKV – Get Free Report) CFO David Tameron sold 1,500 shares of BKV stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.63, for a total value of $38,445.00. Following the transaction, the chief financial officer owned 57,024 shares of the company’s stock, valued at $1,461,525.12. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Tameron also recently made the following trade(s):
- On Thursday, August 20th, David Tameron sold 4,321 shares of BKV stock. The shares were sold at an average price of $26.56, for a total value of $114,765.76.
BKV Trading Down 7.1%
Shares of BKV stock opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The business has a fifty day simple moving average of $25.54 and a two-hundred day simple moving average of $27.61. BKV Corporation has a 1 year low of $20.08 and a 1 year high of $32.81. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings lowered BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Citigroup dropped their price target on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Wall Street Zen upgraded BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Truist Financial decreased their price objective on BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.25.
View Our Latest Research Report on BKV
Institutional Investors Weigh In On BKV
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of BKV in the fourth quarter valued at approximately $52,000. Police & Firemen s Retirement System of New Jersey increased its stake in BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after acquiring an additional 1,455 shares during the period. PEAK6 LLC acquired a new position in BKV in the 2nd quarter valued at $270,000. Jupiter Topco LLC acquired a new position in BKV in the 2nd quarter valued at $446,000. Finally, The Manufacturers Life Insurance Company acquired a new position in BKV in the 2nd quarter valued at $479,000.
BKV Company Profile
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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