Insider Selling: BKV Corporation (NYSE:BKV) CFO Sells 5,000 Shares of Stock

BKV Corporation (NYSE:BKV - Get Free Report) CFO David Tameron sold 5,000 shares of BKV stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $20.03, for a total value of $100,150.00. Following the sale, the chief financial officer now directly owns 47,779 shares in the company, valued at $957,013.37. The trade was a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

BKV Trading Up 8.1 %

BKV stock traded up $1.29 during trading hours on Wednesday, reaching $17.19. 691,041 shares of the company's stock were exchanged, compared to its average volume of 482,609. The stock's 50 day moving average price is $21.05. BKV Corporation has a twelve month low of $15.00 and a twelve month high of $26.78.

BKV (NYSE:BKV - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.11. The business had revenue of $119.78 million for the quarter, compared to analyst estimates of $183.77 million. Equities research analysts forecast that BKV Corporation will post -1.82 EPS for the current fiscal year.

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Institutional Investors Weigh In On BKV

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

Analyst Ratings Changes

BKV has been the subject of several analyst reports. 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. Barclays raised their target price on BKV from $24.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Mizuho upped their price target on BKV from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Finally, KeyCorp decreased their price target on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average 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.