BKV (NYSE:BKV) Shares Gap Down – Here’s What Happened

BKV Corporation (NYSE:BKV) gapped down before the market opened on Monday . The stock had previously closed at $25.95, but opened at $25.11. BKV shares last traded at $25.5760, with a volume of 52,021 shares traded.

Analysts Set New Price Targets

Several analysts have commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $34.00 price target on shares of BKV in a report on Friday, July 10th. Zacks Research upgraded shares of BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen cut shares of BKV from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Truist Financial lowered their target price on shares of BKV from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Citigroup dropped their price target on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.88.

BKV Stock Up 3.2%

The stock has a fifty day moving average of $26.47 and a two-hundred day moving average of $27.95. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 7.94 and a beta of 1.03.

BKV (NYSE:BKV) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). The firm had revenue of $432.85 million for the quarter, compared to analyst estimates of $337.63 million. BKV had a return on equity of 6.43% and a net margin of 21.71%. As a group, analysts predict that BKV Corporation will post 1.48 EPS for the current fiscal year.

Insider Activity

In related news, insider Eric S. Jacobsen sold 25,000 shares of the 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 owned 227,843 shares of the company’s stock, valued at approximately $6,126,698.27. This represents a 9.89% decrease in their position. The transaction was disclosed in a document filed 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. Insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On BKV

Several institutional investors have recently bought and sold shares of BKV. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of BKV in the 4th quarter valued at $52,000. Police & Firemen s Retirement System of New Jersey boosted its position in BKV by 34.3% during 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 purchasing an additional 1,455 shares during the period. SG Americas Securities LLC purchased a new stake in BKV during the 4th quarter worth $1,509,000. Cooper Creek Partners Management LLC increased its holdings in BKV by 35.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock valued at $10,678,000 after purchasing an additional 121,082 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock valued at $15,114,000 after purchasing an additional 160,171 shares in the last quarter.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.