BKV (NYSE:BKV) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Shares of BKV Corporation (NYSE:BKV – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $26.76, but opened at $25.12. BKV shares last traded at $23.9260, with a volume of 424,347 shares trading hands.

Analyst Ratings Changes

BKV has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BKV in a research report on Monday, August 24th. Barclays boosted their price target on BKV from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Citigroup dropped their price objective on BKV from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Zacks Research raised BKV from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Truist Financial reduced their target price on BKV from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Check Out Our Latest Report on BKV

BKV Stock Down 10.0%

The company has a market cap of $2.64 billion, a price-to-earnings ratio of 8.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.15 and a quick ratio of 1.10. The firm has a 50-day moving average price of $25.46 and a 200 day moving average price of $27.19.

BKV (NYSE:BKV – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.21. The business had revenue of $465.54 million during the quarter, compared to analysts’ expectations of $355.25 million. BKV had a return on equity of 6.67% and a net margin of 17.73%. Sell-side analysts predict that BKV Corporation will post 1.77 EPS for the current year.

Insiders Place Their Bets

In other news, CFO David Tameron sold 4,321 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the completion of the sale, the chief financial officer owned 58,524 shares of the company’s stock, valued at approximately $1,554,397.44. The trade was 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. Also, insider Lindsay B. Larrick sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owned 83,925 shares in the company, valued at approximately $2,195,478. This represents a 10.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,198 shares of company stock worth $733,271 in the last 90 days. Company insiders own 2.51% of the company’s stock.

Institutional Trading of BKV

Institutional investors have recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of BKV during the fourth quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of BKV by 34.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock valued at $155,000 after buying an additional 1,455 shares during the period. PEAK6 LLC bought a new stake in shares of BKV in the second quarter valued at approximately $270,000. Arizona State Retirement System acquired a new stake in BKV during the second quarter worth approximately $289,000. Finally, Jupiter Topco LLC acquired a new stake in BKV during the second quarter worth approximately $446,000.

About BKV

(Get Free Report)

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.

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