BKV Corporation (NYSE:BKV) Insider Sells $435,290.03 in Stock

BKV Corporation (NYSE:BKV) insider Ethan Ngo sold 21,667 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $20.09, for a total transaction of $435,290.03. Following the transaction, the insider now directly owns 286,008 shares in the company, valued at approximately $5,745,900.72. This represents a 7.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BKV Trading Down 15.7 %

BKV stock opened at $17.18 on Friday. BKV Corporation has a one year low of $16.80 and a one year high of $26.78. The business’s 50 day moving average is $21.87.

BKV (NYSE:BKV) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analyst estimates of $183.77 million. Sell-side analysts expect that BKV Corporation will post -1.82 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. KeyCorp cut their target price on BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Mizuho lifted their price objective on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays increased their target price on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Truist Financial reduced their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.00.

Institutional Trading of BKV

Several large investors have recently modified their holdings of BKV. California State Teachers Retirement System acquired a new position in shares of BKV in the fourth quarter worth about $26,000. SG Americas Securities LLC acquired a new position in shares of BKV in the 4th quarter valued at approximately $157,000. Corebridge Financial Inc. purchased a new position in shares of BKV during the 4th quarter valued at approximately $170,000. Bank of New York Mellon Corp acquired a new stake in shares of BKV during the fourth quarter worth approximately $695,000. Finally, Geode Capital Management LLC bought a new stake in shares of BKV in the fourth quarter worth $7,728,000.

About BKV

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.