BKV Corporation (NYSE:BKV) Given Average Rating of “Buy” by Brokerages

Shares of BKV Corporation (NYSE:BKV) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $26.17.

Several research firms have recently weighed in on BKV. Jefferies Financial Group began coverage on shares of BKV in a research note on Monday. They issued a “buy” rating and a $28.00 price target for the company. Evercore ISI began coverage on shares of BKV in a research note on Monday. They issued an “outperform” rating and a $24.00 price target for the company. Barclays started coverage on shares of BKV in a research note on Monday. They issued an “overweight” rating and a $24.00 price target 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 price objective for the company. Finally, Mizuho started coverage on shares of BKV in a research report on Monday. They set an “outperform” rating and a $29.00 price objective for the company.

BKV Price Performance

Shares of BKV stock traded up $0.16 during mid-day trading on Monday, hitting $18.61. The stock had a trading volume of 64,720 shares, compared to its average volume of 471,331. BKV has a 12-month low of $17.90 and a 12-month high of $18.88.

Insider Activity

In other news, insider Mary Rita Valois acquired 2,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the insider now directly owns 15,333 shares in the company, valued at approximately $275,994. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Christopher P. Kalnin bought 2,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer now owns 1,483,054 shares of the company’s stock, valued at $26,694,972. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Rita Valois bought 2,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the purchase, the insider now directly owns 15,333 shares of the company’s stock, valued at approximately $275,994. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 21,850 shares of company stock valued at $393,300 over the last quarter.

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.