Insider Selling: BKV (NYSE:BKV) SVP Sells $168,318.48 in Stock

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 7,428 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $22.66, for a total transaction of $168,318.48. Following the sale, the senior vice president directly owned 76,848 shares in the company, valued at $1,741,375.68. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Hinojosa also recently made the following trade(s):

• On Friday, August 21st, Javier Hinojosa sold 12,377 shares of BKV stock. The shares were sold at an average price of $25.73, for a total transaction of $318,460.21.

BKV Trading Down 1.1%

BKV stock traded down $0.23 during trading on Tuesday, hitting $21.66. The company had a trading volume of 410,525 shares, compared to its average volume of 1,067,469. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $24.61 and a 200-day moving average price of $26.47. BKV Corporation has a 12 month low of $20.08 and a 12 month high of $32.81. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 7.92 and a beta of 1.06.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. The firm had revenue of $465.54 million for the quarter, compared to analyst estimates of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. As a group, analysts predict that BKV Corporation will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On BKV

Several institutional investors have recently modified their holdings of BKV. Squarepoint Ops LLC increased its stake in BKV by 87.7% in the second quarter. Squarepoint Ops LLC now owns 301,461 shares of the company’s stock valued at $8,248,000 after purchasing an additional 140,835 shares in the last quarter. Arizona State Retirement System bought a new position in BKV in the second quarter valued at approximately $289,000. HighTower Advisors LLC bought a new position in BKV in the second quarter valued at approximately $677,000. Moore Capital Management LP acquired a new position in shares of BKV in the second quarter valued at approximately $2,001,000. Finally, IMC Chicago LLC bought a new stake in shares of BKV during the second quarter worth $662,000.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price objective on shares of BKV in a research report on Friday, July 10th. Citigroup cut their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Susquehanna reduced their target price on shares of BKV from $37.00 to $35.00 and set a “positive” rating on the stock in a research note on Tuesday, July 21st. Truist Financial lowered their price target on shares of BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.56.

BKV Company Profile

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.