KeyCorp Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price objective upped by KeyCorp from $23.00 to $25.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

BKV has been the subject of a number of other reports. Citigroup initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $29.00 target price for the company. Mizuho lifted their target price on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Barclays began coverage on BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $24.00 price target for the company. Jefferies Financial Group began coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Susquehanna raised their target price on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.63.

BKV Stock Performance

Shares of BKV opened at $22.55 on Monday. The firm has a 50 day moving average of $20.53. BKV has a twelve month low of $17.39 and a twelve month high of $24.03.

Insider Transactions at BKV

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the completion of the purchase, the chief financial officer now owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. The trade was a 6.43 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Rita Valois acquired 2,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, with a total value of $36,000.00. Following the acquisition, the insider now directly owns 15,333 shares in the company, valued at approximately $275,994. This trade represents a 15.00 % increase in their ownership of the stock. 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.

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.