BKV (NYSE:BKV) Sets New 52-Week Low – What’s Next?

Shares of BKV Corporation (NYSE:BKV – Get Free Report) hit a new 52-week low on Monday. The company traded as low as $20.03 and last traded at $20.2790, with a volume of 693,767 shares changing hands. The stock had previously closed at $20.93.

Analyst Upgrades and Downgrades

BKV has been the topic of several analyst reports. Truist Financial raised their price target on shares of BKV from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Susquehanna dropped their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings downgraded BKV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Finally, Zacks Research raised BKV from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $33.67.

Read Our Latest Research Report on BKV

BKV Price Performance

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 business’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $26.52. The company has a market capitalization of $2.19 billion, a P/E ratio of 7.32 and a beta of 1.13.

BKV (NYSE:BKV – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million during 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 anticipate that BKV Corporation will post 1.49 EPS for the current year.

Insider Transactions at BKV

In other news, CFO David Tameron sold 4,321 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.56, for a total transaction of $114,765.76. Following the sale, the chief financial officer owned 58,524 shares in the company, valued at $1,554,397.44. The trade was a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Larrick sold 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the completion of the sale, the insider directly owned 83,925 shares of the company’s stock, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their position. 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 have sold a total of 40,578 shares of company stock valued at $1,005,136 over the last ninety days. Corporate insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On BKV

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its stake in BKV by 36.4% in the third quarter. Covestor Ltd now owns 3,454 shares of the company’s stock valued at $74,000 after acquiring an additional 921 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of BKV in the third quarter worth about $1,227,000. State of Alaska Department of Revenue raised its position in shares of BKV by 23.1% during the third quarter. State of Alaska Department of Revenue now owns 4,160 shares of the company’s stock valued at $88,000 after buying an additional 782 shares during the last quarter. Squarepoint Ops LLC boosted its stake in BKV by 87.7% during the second quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock worth $8,248,000 after buying an additional 140,835 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in BKV in the second quarter valued at $289,000.

BKV Company Profile

(Get Free Report)

BKV Corporation is an independent energy company focused on the exploration, development and production of natural gas in the United States. The company’s operations are centered on unconventional shale resources, with activities that include drilling, well completion, production and management of natural gas assets.

In addition to its upstream operations, BKV is developing complementary energy businesses, including natural gas power generation and carbon capture, utilization and storage.

Recommended Stories

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.