BKV Corporation (NYSE:BKV) CFO David Tameron Sells 5,000 Shares of Stock

BKV Corporation (NYSE:BKV) CFO David Tameron sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 47,779 shares in the company, valued at approximately $957,013.37. This trade represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

BKV Stock Down 15.7 %

BKV stock opened at $17.18 on Friday. The stock has a fifty day simple moving average of $21.87. BKV Corporation has a 1-year low of $16.80 and a 1-year high of $26.78.

BKV (NYSE:BKV) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $119.78 million for the quarter, compared to analysts’ expectations of $183.77 million. As a group, equities research analysts expect 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 made changes to their positions in the stock. Driehaus Capital Management LLC acquired a new stake in BKV during the 4th quarter worth about $9,553,000. Geode Capital Management LLC acquired a new position in BKV in the 4th quarter worth approximately $7,728,000. Bank of New York Mellon Corp purchased a new position in BKV during the 4th quarter worth approximately $695,000. Corebridge Financial Inc. purchased a new stake in shares of BKV in the 4th quarter valued at $170,000. Finally, SG Americas Securities LLC acquired a new stake in shares of BKV in the fourth quarter worth $157,000.

Analyst Upgrades and Downgrades

BKV has been the subject of a number of research analyst reports. KeyCorp decreased their target price on BKV from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Truist Financial cut their target price on shares of BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Mizuho upped their price target on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Barclays boosted their price objective on shares of BKV from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Eight 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 price target of $28.00.

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.