Insider Selling: BKV (NYSE:BKV) SVP Sells $168,318.48 in Stock

BKV Corporation (NYSE:BKV) SVP Javier Hinojosa sold 7,428 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $22.66, for a total value of $168,318.48. Following the transaction, the senior vice president directly owned 76,848 shares of the company’s stock, valued at $1,741,375.68. This represents a 8.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Hinojosa also recently made the following trade(s):

• On Friday, August 21st, Javier Hinojosa sold 12,377 shares of BKV stock. The stock was sold at an average price of $25.73, for a total transaction of $318,460.21.

BKV Trading Up 0.9%

Shares of NYSE BKV opened at $21.53 on Friday. BKV Corporation has a 1 year low of $20.08 and a 1 year high of $32.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a 50-day moving average of $24.32 and a 200 day moving average of $26.32. The stock has a market cap of $2.36 billion, a P/E ratio of 7.86 and a beta of 1.13.

BKV (NYSE:BKV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.67%. The business had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. As a group, sell-side analysts expect that BKV Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Evercore upgraded shares of BKV to a “strong-buy” rating in a research note on Friday, September 18th. Citigroup decreased their target price on shares of BKV from $36.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Susquehanna reduced their price target on shares of BKV from $37.00 to $35.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, BKV presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BKV. BlackRock Inc. purchased a new stake in BKV in the second quarter worth approximately $74,241,000. William Blair Investment Management LLC bought a new stake in BKV in the 2nd quarter worth approximately $32,689,000. Bank of America Corp DE purchased a new stake in BKV during the 2nd quarter valued at $16,177,000. Bank of New York Mellon Corp purchased a new stake in BKV during the 2nd quarter valued at $15,261,000. Finally, Cooper Creek Partners Management LLC lifted its holdings in shares of BKV by 24.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares during the period.

BKV Company Profile

BKV Corporation is an energy company focused on natural gas production and related energy-transition solutions. The company explores for, develops and produces natural gas and natural gas liquids, with operations primarily centered in major U.S. shale basins.

BKV’s activities include upstream oil and gas development, natural gas marketing and midstream services. The company also develops carbon capture, utilization and storage projects intended to reduce emissions associated with natural gas production and use, as well as renewable natural gas initiatives.

Based in Denver, Colorado, BKV serves U.S.