BKV (NYSE:BKV) SVP Javier Hinojosa Sells 12,377 Shares of Stock

BKV Corporation (NYSE:BKVGet Free Report) SVP Javier Hinojosa sold 12,377 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21. Following the completion of the sale, the senior vice president owned 84,276 shares of the company’s stock, valued at $2,168,421.48. This trade represents a 12.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BKV Stock Down 7.1%

BKV stock opened at $24.24 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $25.54 and its 200 day moving average price is $27.61. BKV Corporation has a 52 week low of $20.08 and a 52 week high of $32.81. The company has a market cap of $2.65 billion, a P/E ratio of 8.85 and a beta of 1.08.

BKV (NYSE:BKVGet Free Report) last issued its 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 net margin of 17.73% and a return on equity of 6.67%. The company had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. On average, research analysts expect that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey raised its position in shares of 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 purchasing an additional 1,455 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in BKV during the 4th quarter valued at $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in BKV by 37.1% during 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 worth $823,000 after buying an additional 8,144 shares in the last quarter. PEAK6 LLC purchased a new position in BKV during the second quarter worth $270,000. Finally, IMC Chicago LLC raised its holdings in shares of BKV by 100.0% in the second quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock worth $662,000 after acquiring an additional 12,105 shares during the last quarter.

Analysts Set New Price Targets

BKV has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $34.00 price objective on shares of BKV in a research note on Friday, July 10th. Susquehanna lowered their target price on BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, BKV has a consensus rating of “Moderate Buy” and an average price target of $34.25.

Read Our Latest Analysis on BKV

BKV Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for BKV (NYSE:BKV)

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