BKV (NYSE:BKV) Earns Buy Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of BKV (NYSE:BKV) in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage set a “buy” rating and a $29.00 price target on the stock. Citigroup’s price target indicates a potential upside of 56.17% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Barclays began coverage on shares of BKV in a research report on Monday. They issued an “overweight” rating and a $24.00 price objective for the company. Evercore ISI began coverage on BKV in a research note on Monday. They issued an “outperform” rating and a $24.00 price target on the stock. Jefferies Financial Group initiated coverage on BKV in a research report on Monday. They issued a “buy” rating and a $28.00 price objective for the company. KeyCorp started coverage on shares of BKV in a research report on Monday. They set an “overweight” rating and a $23.00 target price on the stock. Finally, Mizuho initiated coverage on shares of BKV in a research note on Monday. They set an “outperform” rating and a $29.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.17.

BKV Trading Up 0.7 %

BKV stock opened at $18.57 on Monday. BKV has a one year low of $17.90 and a one year high of $18.88.

Insider Buying and Selling at BKV

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of BKV stock in a transaction on Friday, September 27th. The shares were bought at an average price of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO John T. Jimenez bought 16,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $18.00 per share, with a total value of $297,000.00. Following the purchase, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher P. Kalnin bought 2,500 shares of the stock in a transaction on Friday, September 27th. The shares were bought at an average price of $18.00 per share, for a total transaction of $45,000.00. Following the acquisition, the chief executive officer now owns 1,483,054 shares in the company, valued at $26,694,972. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,850 shares of company stock worth $393,300.

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.