Jefferies Financial Group Inc. Makes New Investment in BKV Corporation $BKV

Jefferies Financial Group Inc. purchased a new stake in BKV Corporation (NYSE:BKV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,121 shares of the company’s stock, valued at approximately $856,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in BKV during the 2nd quarter worth about $15,261,000. Value Aligned Research Advisors LLC boosted its stake in BKV by 110.5% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock worth $18,602,000 after purchasing an additional 356,848 shares during the period. TD Waterhouse Canada Inc. purchased a new position in BKV during the 3rd quarter valued at about $1,227,000. William Blair Investment Management LLC purchased a new position in BKV during the 2nd quarter valued at about $32,689,000. Finally, Moore Capital Management LP bought a new stake in shares of BKV during the second quarter valued at about $2,001,000.

BKV Price Performance

Shares of BKV stock traded down $0.00 on Friday, reaching $19.27. The company’s stock had a trading volume of 951,087 shares, compared to its average volume of 1,866,311. The company has a market capitalization of $2.08 billion, a P/E ratio of 9.13 and a beta of 1.13. BKV Corporation has a 12-month low of $17.47 and a 12-month high of $32.81. The stock’s 50 day simple moving average is $22.02 and its 200-day simple moving average is $26.11. The company has a quick ratio of 3.18, a current ratio of 3.25 and a debt-to-equity ratio of 0.83.

BKV (NYSE:BKV) last posted its earnings results on Thursday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The business had revenue of $478.37 million for the quarter, compared to analysts’ expectations of $395.18 million. BKV had a return on equity of 6.12% and a net margin of 12.87%. As a group, equities analysts predict that BKV Corporation will post 1.37 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Javier Hinojosa sold 4,952 shares of BKV stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $20.91, for a total transaction of $103,546.32. Following the completion of the sale, the senior vice president owned 71,896 shares in the company, valued at approximately $1,503,345.36. This trade represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $25.63, for a total value of $38,445.00. Following the transaction, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at $1,461,525.12. The trade was a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 30,578 shares of company stock worth $743,536. Insiders own 2.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BKV shares. Truist Financial lowered their price target on shares of BKV from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 9th. Wall Street Zen lowered shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Zacks Research cut shares of BKV from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Weiss Ratings lowered shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Raymond James Financial set a $29.00 target price on shares of BKV in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

BKV Company Profile

BKV Corporation is a U.S. energy company focused on natural gas production and related businesses. It operates in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania, producing natural gas for sale to customers and markets across the region. The company has expanded beyond production into natural gas gathering and processing, natural gas-fired power generation, and carbon capture and sequestration. These activities connect its gas operations with energy delivery and projects intended to reduce emissions.