BKV Corporation’s (NYSE:BKV) Quiet Period Will Expire Tomorrow

BKV’s (NYSE:BKV) quiet period is set to end on Tuesday, November 5th. BKV had issued 15,000,000 shares in its public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. During BKV’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BKV shares. Susquehanna initiated coverage on BKV in a research note on Tuesday, October 22nd. They set a “positive” rating and a $24.00 target price on the stock. Citigroup started coverage on BKV in a research note on Monday, October 21st. They set a “buy” rating and a $29.00 price target on the stock. KeyCorp assumed coverage on BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $23.00 price target on the stock. Mizuho assumed coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $29.00 target price on the stock. Finally, Barclays assumed coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.63.

BKV Stock Performance

Shares of BKV stock opened at $17.64 on Monday. BKV has a 1 year low of $17.39 and a 1 year high of $18.88.

Insiders Place Their Bets

In related news, CFO John T. Jimenez bought 16,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO John T. Jimenez bought 16,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher P. Kalnin bought 2,500 shares of the 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 $45,000.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 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.