BKV Corporation (NYSE:BKV) Insider Sells $316,050.00 in Stock

BKV Corporation (NYSE:BKV) insider Lindsay B. Larrick sold 15,000 shares of BKV stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the transaction, the insider now owns 245,528 shares in the company, valued at $5,173,274.96. This trade represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BKV Price Performance

BKV stock opened at $20.73 on Friday. The firm’s 50 day moving average is $22.40. BKV Corporation has a 12-month low of $17.39 and a 12-month high of $26.78.

BKV (NYSE:BKV) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The firm had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. On average, analysts forecast that BKV Corporation will post -1.82 earnings per share for the current year.

Institutional Investors Weigh In On BKV

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System acquired a new position in BKV during the fourth quarter worth about $26,000. SG Americas Securities LLC purchased a new position in shares of BKV during the 4th quarter worth approximately $157,000. Corebridge Financial Inc. acquired a new position in shares of BKV during the 4th quarter worth approximately $170,000. Bank of New York Mellon Corp acquired a new stake in BKV during the 4th quarter valued at $695,000. Finally, Geode Capital Management LLC purchased a new position in BKV during the fourth quarter worth $7,728,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BKV shares. KeyCorp lowered their price objective on shares of BKV from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Truist Financial lowered their target price 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. Mizuho increased their price target on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Barclays lifted their price objective on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.00.

About BKV

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.