BKV Corporation (NYSE:BKV) Insider Ethan Ngo Sells 21,667 Shares of Stock

BKV Corporation (NYSE:BKV) insider Ethan Ngo sold 21,667 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $20.09, for a total value of $435,290.03. Following the completion of the transaction, the insider now directly owns 286,008 shares in the company, valued at approximately $5,745,900.72. The trade was a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BKV Price Performance

BKV stock opened at $17.18 on Friday. BKV Corporation has a 52 week low of $16.80 and a 52 week high of $26.78. The stock’s 50-day moving average is $21.87.

BKV (NYSE:BKV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, topping the consensus estimate 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. As a group, equities analysts anticipate that BKV Corporation will post -1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented 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 report on Monday, March 17th. KeyCorp decreased their target price on shares of BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Barclays lifted their price target on BKV from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Mizuho raised their price target on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, BKV currently has an average rating of “Buy” and an average 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.