BKV Corporation (NYSE:BKV) CFO Sells $100,150.00 in Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 5,000 shares of BKV stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total transaction of $100,150.00. Following the transaction, the chief financial officer now directly owns 47,779 shares in the company, valued at $957,013.37. This represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BKV Stock Performance

Shares of NYSE BKV opened at $17.18 on Friday. The company’s fifty day moving average price is $21.87. BKV Corporation has a one year low of $16.80 and a one year high of $26.78.

BKV (NYSE:BKV) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $119.78 million for the quarter, compared to the consensus estimate of $183.77 million. As a group, research analysts expect that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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