BKV Corporation (NYSE:BKV) Short Interest Update

BKV Corporation (NYSE:BKV) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 10,035,138 shares, an increase of 64.4% from the August 31st total of 6,102,985 shares. Currently, 9.4% of the company’s stock are short sold. Based on an average daily volume of 3,476,246 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BKV shares. Wall Street Zen upgraded shares of BKV from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Barclays lowered their price target on shares of BKV from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Raymond James Financial set a $29.00 price objective on shares of BKV in a research note on Tuesday, September 15th. Zacks Research raised shares of BKV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Weiss Ratings downgraded shares of BKV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

Insider Buying and Selling at BKV

In other news, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total transaction of $261,600.00. Following the transaction, the insider owned 83,925 shares in the company, valued at approximately $2,195,478. This trade represents a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 1,500 shares of BKV stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.63, for a total value of $38,445.00. Following the completion of the sale, the chief financial officer owned 57,024 shares of the company’s stock, valued at $1,461,525.12. The trade was a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 35,626 shares of company stock valued at $901,589 in the last ninety days. Corporate insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On BKV

A number of large investors have recently made changes to their positions in the business. PEAK6 LLC acquired a new stake in shares of BKV in the 2nd quarter worth $270,000. Arizona State Retirement System purchased a new stake in BKV in the second quarter valued at about $289,000. Jupiter Topco LLC purchased a new stake in BKV in the second quarter valued at about $446,000. The Manufacturers Life Insurance Company acquired a new stake in BKV in the second quarter worth about $479,000. Finally, Legal & General Group Plc acquired a new stake in BKV in the second quarter worth about $490,000.

BKV Stock Down 0.5%

BKV traded down $0.11 on Wednesday, hitting $21.53. The company had a trading volume of 878,210 shares, compared to its average volume of 1,072,067. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The stock has a fifty day moving average price of $24.52 and a 200-day moving average price of $26.42. BKV has a 12-month low of $20.08 and a 12-month high of $32.81.

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

BKV Company Profile

BKV Corporation is an energy company focused on the development, production and marketing of natural gas and related energy products. Its operations include upstream exploration and production, as well as midstream activities that support the gathering, processing and transportation of natural gas.

The company has also pursued lower-carbon energy initiatives, including carbon capture, utilization and storage projects designed to reduce emissions associated with natural gas production. BKV’s activities are primarily concentrated in major U.S.