David Tameron Sells 1,500 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 1,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $25.63, for a total transaction of $38,445.00. Following the completion of the sale, the chief financial officer directly owned 57,024 shares of the company’s stock, valued at approximately $1,461,525.12. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, David Tameron sold 4,321 shares of BKV stock. The shares were sold at an average price of $26.56, for a total transaction of $114,765.76.

BKV Stock Down 7.1%

BKV opened at $24.24 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The firm’s fifty day moving average is $25.54 and its 200 day moving average is $27.61. BKV Corporation has a fifty-two week low of $20.08 and a fifty-two week high of $32.81.

BKV (NYSE:BKV) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. BKV had a return on equity of 6.67% and a net margin of 17.73%.The business had revenue of $465.54 million during the quarter, compared to analyst estimates of $355.25 million. On average, sell-side analysts forecast that BKV Corporation will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Moore Capital Management LP purchased a new stake in shares of BKV in the second quarter worth about $2,001,000. IMC Chicago LLC bought a new position in BKV during the second quarter valued at approximately $662,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in BKV by 37.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock valued at $823,000 after buying an additional 8,144 shares in the last quarter. Empowered Funds LLC purchased a new position in BKV during the 2nd quarter valued at approximately $1,361,000. Finally, Value Aligned Research Advisors LLC grew its holdings in BKV by 110.5% during the 2nd quarter. Value Aligned Research Advisors LLC now owns 679,899 shares of the company’s stock valued at $18,602,000 after buying an additional 356,848 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup decreased their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Susquehanna dropped their price target on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research note on Tuesday, July 21st. Barclays increased their price objective on shares of BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Jefferies Financial Group reiterated a “buy” rating and set a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Finally, Truist Financial lowered their target price on shares of BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Eight 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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.