Quantbot Technologies LP Purchases New Holdings in BKV Corporation $BKV

Quantbot Technologies LP purchased a new stake in BKV Corporation (NYSE:BKV) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 76,444 shares of the company’s stock, valued at approximately $1,605,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC purchased a new position in BKV in the 4th quarter valued at about $7,728,000. Driehaus Capital Management LLC purchased a new position in BKV in the 4th quarter valued at about $9,553,000. California State Teachers Retirement System purchased a new position in BKV in the 4th quarter valued at about $26,000. Finally, Bank of New York Mellon Corp lifted its stake in BKV by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company’s stock valued at $745,000 after buying an additional 6,209 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of BKV from $20.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Barclays raised their price target on shares of BKV from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $28.25.

BKV Stock Up 2.5%

BKV stock opened at $22.80 on Friday. The company has a market cap of $1.93 billion and a price-to-earnings ratio of -114.00. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. BKV Corporation has a 12 month low of $15.00 and a 12 month high of $26.78. The firm has a 50-day moving average of $21.99 and a two-hundred day moving average of $21.05.

BKV (NYSE:BKV) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $322.04 million during the quarter, compared to the consensus estimate of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. As a group, analysts forecast that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $21.62, for a total transaction of $216,200.00. Following the completion of the sale, the insider owned 200,528 shares in the company, valued at $4,335,415.36. This trade represents a 4.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ethan Ngo sold 64,998 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $23.00, for a total transaction of $1,494,954.00. Following the sale, the insider owned 112,675 shares of the company’s stock, valued at $2,591,525. This represents a 36.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,098 shares of company stock valued at $2,161,324 in the last 90 days. Insiders own 4.11% of the company’s stock.

BKV 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.