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

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

BKV Price Performance

Shares of NYSE:BKV opened at $20.78 on Friday. BKV Corporation has a twelve month low of $17.39 and a twelve month high of $26.78. The firm has a fifty day simple moving average of $22.47.

BKV (NYSE:BKV) last released its 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 firm had revenue of $119.78 million for the quarter, compared to the consensus estimate of $183.77 million. Equities analysts anticipate that BKV Corporation will post -1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp reduced their target price on 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 target price 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. Mizuho lifted their price target 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. Finally, Truist Financial lowered their price objective on BKV from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Institutional Trading of BKV

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in BKV in the fourth quarter valued at about $26,000. Driehaus Capital Management LLC acquired a new position in BKV in the 4th quarter worth $9,553,000. Geode Capital Management LLC acquired a new position in shares of BKV during the fourth quarter worth about $7,728,000. Corebridge Financial Inc. bought a new position in shares of BKV during the 4th quarter worth approximately $170,000. Finally, Bank of New York Mellon Corp bought a new position in BKV in the fourth quarter valued at $695,000.

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.