David Tameron Sells 4,409 Shares of BKV Corporation (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 4,409 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $17.94, for a total transaction of $79,097.46. Following the completion of the sale, the chief financial officer now directly owns 43,370 shares in the company, valued at $778,057.80. This trade represents a 9.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

David Tameron also recently made the following trade(s):

• On Thursday, April 3rd, David Tameron sold 5,000 shares of BKV stock. The stock was sold at an average price of $20.03, for a total value of $100,150.00.

BKV Trading Up 1.8 %

Shares of BKV stock opened at $18.54 on Friday. The business’s 50 day moving average is $18.90 and its two-hundred day moving average is $21.10. BKV Corporation has a twelve month low of $15.00 and a twelve month high of $26.78.

BKV (NYSE:BKV) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $119.78 million during the quarter, compared to analysts’ expectations of $183.77 million. On average, research analysts predict that BKV Corporation will post -1.82 earnings per share for the current year.

Institutional Trading of BKV

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in BKV by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after purchasing an additional 6,209 shares during the last quarter. California State Teachers Retirement System purchased a new stake in shares of BKV during the fourth quarter worth about $26,000. Driehaus Capital Management LLC purchased a new stake in BKV in the 4th quarter worth approximately $9,553,000. Geode Capital Management LLC acquired a new position in BKV in the fourth quarter valued at $7,728,000. Finally, Corebridge Financial Inc. acquired a new position in shares of BKV during the 4th quarter valued at about $170,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKV shares. Barclays reduced their target price on shares of BKV from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Truist Financial decreased their target price on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, KeyCorp decreased their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, BKV presently has a consensus rating of “Buy” and a consensus price target of $27.75.

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.