BKV (NYSE:BKV) Coverage Initiated at Citigroup

Citigroup assumed coverage on shares of BKV (NYSE:BKV) in a research report report published on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $29.00 target price on the stock.

BKV has been the subject of several other research reports. KeyCorp began coverage on BKV in a research report on Monday. They issued an “overweight” rating and a $23.00 target price for the company. Jefferies Financial Group began coverage on BKV in a research report on Monday. They issued a “buy” rating and a $28.00 target price for the company. Evercore ISI began coverage on BKV in a research report on Monday. They set an “outperform” rating and a $24.00 price objective for the company. Mizuho began coverage on BKV in a research report on Monday. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Barclays began coverage on BKV in a research report on Monday. They set an “overweight” rating and a $24.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $25.86.

BKV Stock Performance

Shares of NYSE:BKV opened at $18.18 on Monday. BKV has a 52-week low of $17.90 and a 52-week high of $18.88.

Insiders Place Their Bets

In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction on Friday, September 27th. The stock was acquired at an average price 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 approximately $26,694,972. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BKV news, CFO John T. Jimenez bought 16,500 shares of BKV stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $18.00 per share, with a total value of $297,000.00. Following the acquisition, the chief financial officer now owns 273,274 shares in the company, valued at approximately $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher P. Kalnin bought 2,500 shares of BKV 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 $45,000.00. Following the acquisition, the chief executive officer now owns 1,483,054 shares in the company, valued at approximately $26,694,972. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 21,850 shares of company stock valued at $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.