Susquehanna Boosts BKV (NYSE:BKV) Price Target to $25.00

BKV (NYSE:BKV) had its price objective increased by stock analysts at Susquehanna from $24.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 20.77% from the stock’s previous close.

A number of other research firms have also weighed in on BKV. Barclays started coverage on shares of BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 target price on the stock. Mizuho started coverage on BKV in a research report on Monday, October 21st. They set an “outperform” rating and a $29.00 price target on the stock. Evercore ISI assumed coverage on shares of BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price on the stock. KeyCorp began coverage on BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $23.00 price objective on the stock. Finally, Citigroup began coverage on BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 target price for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $25.75.

BKV Price Performance

Shares of NYSE:BKV opened at $20.70 on Wednesday. BKV has a twelve month low of $17.39 and a twelve month high of $21.15.

Insider Activity

In related news, CFO John T. Jimenez bought 16,500 shares of the company’s stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 273,274 shares of the company’s stock, valued at $4,918,932. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BKV news, CFO John T. Jimenez acquired 16,500 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the transaction, the chief financial officer now directly owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 purchase, the chief executive officer now directly owns 1,483,054 shares in the company, valued at approximately $26,694,972. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, 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.