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

BKV Corporation (NYSE:BKV) insider Ethan Ngo sold 21,667 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total value of $435,290.03. Following the completion of the sale, the insider now directly owns 286,008 shares of the company’s stock, valued at approximately $5,745,900.72. This represents a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BKV Stock Performance

BKV stock opened at $17.18 on Friday. The business has a 50-day moving average price of $21.87. BKV Corporation has a fifty-two week low of $16.80 and a fifty-two week high of $26.78.

BKV (NYSE:BKV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, beating 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 forecast that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKV. Truist Financial decreased their target price on BKV from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Mizuho boosted their target price on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays raised their price target on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, KeyCorp lowered their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $28.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKV. Driehaus Capital Management LLC acquired a new position in shares of BKV during the fourth quarter valued at $9,553,000. Geode Capital Management LLC bought a new position in BKV in the 4th quarter valued at about $7,728,000. Bank of New York Mellon Corp acquired a new position in BKV during the 4th quarter valued at about $695,000. Corebridge Financial Inc. bought a new stake in shares of BKV during the 4th quarter worth about $170,000. Finally, SG Americas Securities LLC acquired a new stake in shares of BKV in the 4th quarter worth approximately $157,000.

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.