Insider Selling: BKV Corporation (NYSE:BKV) CFO Sells $100,150.00 in Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 5,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $20.03, for a total transaction of $100,150.00. Following the sale, the chief financial officer now directly owns 47,779 shares in the company, valued at $957,013.37. This trade represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BKV Trading Down 15.7 %

Shares of BKV stock opened at $17.18 on Friday. BKV Corporation has a one year low of $16.80 and a one year high of $26.78. The business has a 50 day moving average of $21.87.

BKV (NYSE:BKV) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.11. The business had revenue of $119.78 million during the quarter, compared to analyst estimates of $183.77 million. Equities analysts expect that BKV Corporation will post -1.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKV. Mizuho lifted their price target on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Truist Financial dropped their price target on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Barclays upped their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, KeyCorp cut their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, BKV currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Institutional Investors Weigh In On BKV

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in BKV during the 4th quarter worth about $26,000. SG Americas Securities LLC acquired a new position in BKV in the fourth quarter valued at approximately $157,000. Corebridge Financial Inc. acquired a new stake in BKV during the fourth quarter worth approximately $170,000. Bank of New York Mellon Corp purchased a new stake in shares of BKV during the 4th quarter worth approximately $695,000. Finally, Geode Capital Management LLC acquired a new position in shares of BKV in the 4th quarter valued at $7,728,000.

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.