BKV Corporation (NYSE:BKV) Short Interest Update
by Teresa Graham · The Cerbat GemBKV Corporation (NYSE:BKV – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 3,820,363 shares, a decrease of 17.5% from the March 31st total of 4,631,566 shares. Based on an average daily trading volume, of 813,306 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.6% of the shares of the company are short sold.
Analyst Ratings Changes
BKV has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $32.00 price target on shares of BKV in a research report on Thursday, February 5th. Truist Financial initiated coverage on BKV in a research report on Tuesday, March 24th. They set a “buy” rating and a $37.00 price target on the stock. KeyCorp increased their price target on BKV from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Jefferies Financial Group lowered their price target on BKV from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen downgraded BKV from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.56.
Check Out Our Latest Stock Analysis on BKV
Insider Activity at BKV
In other news, CFO David Tameron sold 7,300 shares of the company’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $29.71, for a total value of $216,883.00. Following the sale, the chief financial officer owned 61,925 shares in the company, valued at $1,839,791.75. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.12% of the stock is owned by insiders.
Hedge Funds Weigh In On BKV
A number of institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey lifted its position in BKV by 34.3% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after buying an additional 1,455 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in BKV during the fourth quarter worth approximately $52,000. Strs Ohio purchased a new position in BKV during the third quarter worth approximately $278,000. SG Americas Securities LLC purchased a new position in BKV during the fourth quarter worth approximately $1,509,000. Finally, Cooper Creek Partners Management LLC lifted its position in BKV by 35.6% during the third quarter. Cooper Creek Partners Management LLC now owns 461,657 shares of the company’s stock worth $10,678,000 after buying an additional 121,082 shares in the last quarter.
BKV Price Performance
Shares of BKV stock traded down $0.24 during mid-day trading on Friday, reaching $31.29. 723,573 shares of the stock traded hands, compared to its average volume of 774,089. The business has a 50-day moving average of $29.04 and a 200 day moving average of $27.39. BKV has a fifty-two week low of $17.82 and a fifty-two week high of $32.81. The stock has a market capitalization of $3.42 billion, a PE ratio of 16.05 and a beta of 1.37. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.24.
BKV (NYSE:BKV – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). BKV had a net margin of 17.16% and a return on equity of 7.91%. The firm had revenue of $259.91 million for the quarter, compared to analyst estimates of $268.05 million. On average, analysts predict that BKV will post 2.22 EPS for the current year.
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.