BKV Corporation (NYSE:BKV) Insider Lindsay B. Larrick Sells 15,000 Shares

BKV Corporation (NYSE:BKV) insider Lindsay B. Larrick sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $21.07, for a total value of $316,050.00. Following the completion of the transaction, the insider now directly owns 245,528 shares in the company, valued at approximately $5,173,274.96. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BKV Price Performance

Shares of BKV opened at $20.93 on Thursday. The company has a 50 day moving average price of $22.54. BKV Corporation has a twelve month low of $17.39 and a twelve month high of $26.78.

BKV (NYSE:BKV) last announced its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts predict that BKV Corporation will post -1.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On BKV

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Driehaus Capital Management LLC acquired a new position in BKV during the 4th quarter valued at approximately $9,553,000. Geode Capital Management LLC purchased a new stake in shares of BKV during the fourth quarter valued at $7,728,000. Bank of New York Mellon Corp acquired a new position in shares of BKV in the 4th quarter valued at $695,000. Corebridge Financial Inc. purchased a new position in BKV in the 4th quarter worth $170,000. Finally, SG Americas Securities LLC acquired a new stake in BKV during the 4th quarter worth about $157,000.

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.