Insider Selling: BKV Corporation (NYSE:BKV) Insider Sells 10,000 Shares of Stock

BKV Corporation (NYSE:BKV) insider Lindsay B. Larrick sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $23.13, for a total value of $231,300.00. Following the completion of the transaction, the insider directly owned 210,528 shares in the company, valued at approximately $4,869,512.64. This trade represents a 4.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BKV Stock Down 6.9%

BKV traded down $1.66 on Tuesday, hitting $22.46. The company had a trading volume of 302,524 shares, compared to its average volume of 448,097. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.41 and a quick ratio of 0.39. The stock has a fifty day moving average price of $21.57 and a 200-day moving average price of $21.69. BKV Corporation has a 12-month low of $15.00 and a 12-month high of $26.78.

BKV (NYSE:BKV) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. The firm had revenue of $216.13 million during the quarter, compared to analysts’ expectations of $223.20 million. On average, equities research analysts forecast that BKV Corporation will post -1.82 EPS for the current year.

Institutional Investors Weigh In On BKV

Several institutional investors have recently bought and sold shares of BKV. Driehaus Capital Management LLC purchased a new stake in shares of BKV during the 4th quarter valued at $9,553,000. Geode Capital Management LLC acquired a new position in BKV during the 4th quarter valued at about $7,728,000. Quantbot Technologies LP purchased a new stake in BKV in the first quarter valued at about $1,605,000. Bank of New York Mellon Corp purchased a new stake in BKV in the fourth quarter valued at about $695,000. Finally, Corebridge Financial Inc. purchased a new stake in shares of BKV during the fourth quarter worth about $170,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BKV shares. 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. Barclays lifted their price objective on BKV from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Evercore ISI increased their target price on shares of BKV from $20.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Finally, KeyCorp reduced their price target on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a 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 currently has an average rating of “Buy” and an average price target of $28.13.

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.