SG Americas Securities LLC Sells 49,651 Shares of BKV Corporation $BKV

SG Americas Securities LLC cut its holdings in BKV Corporation (NYSE:BKV) by 89.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,940 shares of the company’s stock after selling 49,651 shares during the quarter. SG Americas Securities LLC’s holdings in BKV were worth $169,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BKV. Geode Capital Management LLC increased its holdings in shares of BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after purchasing an additional 160,171 shares in the last quarter. Cooper Creek Partners Management LLC boosted its position in shares of BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after buying an additional 121,082 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of BKV during the fourth quarter valued at $52,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in BKV by 34.3% in 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 buying an additional 1,455 shares in the last quarter.

Insider Transactions at BKV

In other BKV news, insider Eric S. Jacobsen sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total transaction of $672,250.00. Following the completion of the sale, the insider directly owned 227,843 shares of the company’s stock, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Company insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. KeyCorp lifted their price target on shares of BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Jefferies Financial Group reissued a “buy” rating and set a $34.00 price objective on shares of BKV in a report on Friday. Truist Financial dropped their target price on shares of BKV from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded shares of BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.62.

BKV Stock Performance

BKV stock traded down $1.09 during trading on Friday, reaching $25.29. The stock had a trading volume of 810,522 shares, compared to its average volume of 867,508. The firm has a market cap of $2.77 billion, a PE ratio of 7.66 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $27.00 and its two-hundred day moving average is $28.03. BKV Corporation has a 52 week low of $19.56 and a 52 week high of $32.81.

BKV (NYSE:BKV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). BKV had a net margin of 21.71% and a return on equity of 6.43%. The firm had revenue of $432.85 million for the quarter, compared to the consensus estimate of $337.63 million. As a group, equities analysts anticipate that BKV Corporation will post 1.5 earnings per share for the current year.

About BKV

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.