BKV Corporation (NYSE:BKV) CFO Sells $100,150.00 in Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 5,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total transaction of $100,150.00. Following the sale, the chief financial officer now directly owns 47,779 shares in the company, valued at approximately $957,013.37. The trade was a 9.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BKV Stock Down 15.7 %

BKV opened at $17.18 on Friday. BKV Corporation has a twelve month low of $16.80 and a twelve month high of $26.78. The business’s fifty day moving average price is $21.87.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.11. The business had revenue of $119.78 million during the quarter, compared to the consensus estimate of $183.77 million. As a group, research analysts anticipate that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BKV

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in BKV during the 4th quarter valued at $157,000. Bank of New York Mellon Corp bought a new position in shares of BKV in the fourth quarter valued at $695,000. Corebridge Financial Inc. acquired a new position in shares of BKV during the fourth quarter valued at about $170,000. Geode Capital Management LLC bought a new stake in shares of BKV during the fourth quarter worth about $7,728,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of BKV in the 4th quarter worth about $9,553,000.

Wall Street Analysts Forecast Growth

BKV has been the subject of a number of recent research reports. KeyCorp lowered their target price on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Mizuho raised their price objective on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Barclays boosted their target price on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Truist Financial dropped their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

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.