David Tameron Sells 4,321 Shares of BKV (NYSE:BKV) Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 4,321 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.56, for a total transaction of $114,765.76. Following the completion of the transaction, the chief financial officer directly owned 58,524 shares in the company, valued at $1,554,397.44. This trade represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Tameron also recently made the following trade(s):

• On Friday, August 21st, David Tameron sold 1,500 shares of BKV stock. The shares were sold at an average price of $25.63, for a total transaction of $38,445.00.

BKV Stock Performance

NYSE BKV opened at $24.24 on Friday. The company has a market capitalization of $2.65 billion, a PE ratio of 8.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. BKV Corporation has a 52-week low of $20.08 and a 52-week high of $32.81. The company has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $27.61.

BKV (NYSE:BKV) last released its 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. BKV had a net margin of 17.73% and a return on equity of 6.67%. The firm had revenue of $465.54 million for the quarter, compared to analysts’ expectations of $355.25 million. On average, research analysts predict that BKV Corporation will post 1.77 EPS for the current year.

Institutional Trading of BKV

Several institutional investors and hedge funds have recently bought and sold shares of BKV. Police & Firemen s Retirement System of New Jersey grew its position in shares of BKV by 34.3% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after purchasing an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of BKV in the fourth quarter worth $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of BKV by 37.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,084 shares of the company’s stock worth $823,000 after buying an additional 8,144 shares in the last quarter. PEAK6 LLC bought a new stake in BKV during the second quarter valued at $270,000. Finally, IMC Chicago LLC boosted its stake in BKV by 100.0% during the second quarter. IMC Chicago LLC now owns 24,205 shares of the company’s stock valued at $662,000 after buying an additional 12,105 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $34.00 price objective on shares of BKV in a research note on Friday, July 10th. Citigroup lowered their target price on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Truist Financial dropped their price target on BKV from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Wall Street Zen upgraded BKV from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Susquehanna decreased their price objective on BKV from $37.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 21st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.