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

BKV Corporation (NYSE:BKV - Get Free Report) insider Ethan Ngo sold 21,667 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total transaction of $435,290.03. Following the completion of the sale, the insider now directly owns 286,008 shares in the company, valued at $5,745,900.72. This trade represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BKV Price Performance

BKV stock traded up $1.29 during mid-day trading on Wednesday, reaching $17.19. The company had a trading volume of 691,041 shares, compared to its average volume of 482,609. BKV Corporation has a fifty-two week low of $15.00 and a fifty-two week high of $26.78. The company has a fifty day moving average of $21.05.

BKV (NYSE:BKV - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million during the quarter, compared to analysts' expectations of $183.77 million. On average, analysts expect that BKV Corporation will post -1.82 EPS for the current year.

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Analyst Ratings Changes

A number of brokerages have recently weighed in on BKV. KeyCorp dropped their price objective on BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Mizuho lifted their target price on BKV from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Barclays boosted their price target on shares of BKV from $24.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Truist Financial lowered their price objective 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, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.00.

Hedge Funds Weigh In On BKV

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in BKV in the fourth quarter valued at $157,000. Bank of New York Mellon Corp purchased a new position in shares of BKV in the 4th quarter valued at about $695,000. Corebridge Financial Inc. acquired a new stake in shares of BKV during the 4th quarter worth about $170,000. Geode Capital Management LLC purchased a new stake in BKV during the fourth quarter worth approximately $7,728,000. Finally, Driehaus Capital Management LLC acquired a new position in BKV in the fourth quarter valued at approximately $9,553,000.

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.