BKV Corporation (NYSE:BKV) Receives $25.88 Consensus Price Target from Brokerages

Shares of BKV Corporation (NYSE:BKV) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.88.

BKV has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of BKV in a research report on Monday, October 21st. They set a “buy” rating and a $28.00 target price on the stock. Barclays initiated coverage on shares of BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $24.00 target price on the stock. Mizuho assumed coverage on shares of BKV in a research report on Monday, October 21st. They set an “outperform” rating and a $29.00 target price on the stock. Truist Financial upped their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Susquehanna lifted their price objective on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a report on Wednesday, November 13th.

BKV Stock Performance

NYSE:BKV opened at $23.25 on Tuesday. The company has a fifty day moving average price of $19.93. BKV has a 52 week low of $17.39 and a 52 week high of $24.03.

Insider Activity

In other news, insider Mary Rita Valois acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $18.00 per share, with a total value of $36,000.00. Following the acquisition, the insider now owns 15,333 shares in the company, valued at $275,994. The trade was a 15.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher P. Kalnin acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, with a total value 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 0.17 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 21,850 shares of company stock valued at $393,300 in the last ninety days.

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.