BKV Corporation (NYSE:BKV – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $21.81, but opened at $22.47. BKV shares last traded at $21.9370, with a volume of 65,178 shares changing hands.
Analyst Ratings Changes
Several brokerages recently issued reports on BKV. Susquehanna dropped their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Raymond James Financial set a $29.00 target price on shares of BKV in a research note on Tuesday, September 15th. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price target on shares of BKV in a report on Friday, July 10th. Evercore upgraded BKV to a “strong-buy” rating in a research note on Friday, September 18th. Finally, Barclays lowered their target price on BKV from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.56.
View Our Latest Stock Analysis on BKV
BKV Stock Performance
BKV (NYSE:BKV – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. The company had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. As a group, sell-side analysts expect that BKV Corporation will post 1.62 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO David Tameron sold 1,500 shares of the firm’s stock in a transaction dated 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 trade represents a 2.56% decrease in their ownership of the stock. The transaction 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. Also, insider Lindsay Larrick sold 10,000 shares of BKV stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $26.16, for a total value of $261,600.00. Following the transaction, the insider directly owned 83,925 shares in the company, valued at approximately $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,198 shares of company stock worth $733,271 over the last quarter. 2.51% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On BKV
Several large investors have recently added to or reduced their stakes in the company. SBI Okasan Asset Management Co.Ltd. purchased a new stake in BKV in the 4th quarter worth $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of BKV by 37.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock valued at $823,000 after acquiring an additional 8,144 shares in the last quarter. PEAK6 LLC bought a new position in shares of BKV in the second quarter worth about $270,000. Arizona State Retirement System bought a new position in shares of BKV in the second quarter worth about $289,000. Finally, IMC Chicago LLC grew its position in shares of BKV by 100.0% during the second quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock worth $662,000 after purchasing an additional 12,105 shares in the last quarter.
BKV Company Profile
BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.
The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.
See Also
- Five stocks we like better than BKV
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
- 2 China-Focused ETFs For After the Trump-Xi Summit
Receive News & Ratings for BKV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BKV and related companies with MarketBeat.com's FREE daily email newsletter.
