BKV Corporation (NYSE:BKV – Get 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:BKV – Get 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
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
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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