BKV Corporation (NYSE:BKV - Get Free Report) insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the sale, the insider now owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
BKV Stock Performance
Shares of NYSE:BKV traded down $0.09 during trading on Friday, reaching $20.73. 731,001 shares of the stock were exchanged, compared to its average volume of 475,998. The company has a 50-day moving average price of $22.40. BKV Corporation has a 12-month low of $17.39 and a 12-month high of $26.78.
BKV (NYSE:BKV - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (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 analysts' expectations of $183.77 million. Analysts predict that BKV Corporation will post -1.82 earnings per share for the current year.
Institutional Trading of BKV
Several large investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC purchased a new stake in shares of BKV in the fourth quarter worth about $9,553,000. Geode Capital Management LLC purchased a new position in BKV in the 4th quarter worth approximately $7,728,000. Bank of New York Mellon Corp acquired a new stake in BKV in the fourth quarter valued at approximately $695,000. Corebridge Financial Inc. purchased a new stake in shares of BKV during the fourth quarter valued at approximately $170,000. Finally, SG Americas Securities LLC purchased a new stake in shares of BKV during the fourth quarter valued at approximately $157,000.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on BKV. KeyCorp lowered their target price on shares of BKV from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Truist Financial dropped their target price on BKV from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Mizuho lifted their price target on BKV from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Finally, Barclays increased their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, BKV presently has a consensus rating of "Buy" and an average price target of $28.00.
Check Out Our Latest Research Report on BKV
BKV Company Profile
(
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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.
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