BKV (NYSE:BKV) Price Target Raised to $25.00

BKV (NYSE:BKV) had its price target boosted by stock analysts at Truist Financial from $24.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 17.81% from the stock’s previous close.

BKV has been the topic of several other research reports. Barclays started coverage on BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 price target on the stock. Susquehanna upped their price objective on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Evercore ISI started coverage on shares of BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price for the company. Jefferies Financial Group began coverage on BKV in a research report on Monday, October 21st. They set a “buy” rating and a $28.00 target price for the company. Finally, Mizuho began coverage on shares of BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $29.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV currently has an average rating of “Buy” and a consensus price target of $25.88.

BKV Trading Up 1.3 %

Shares of BKV opened at $21.22 on Tuesday. BKV has a 12 month low of $17.39 and a 12 month high of $21.57.

Insider Buying and Selling at BKV

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $4,918,932. This trade represents a 6.43 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of $18.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,483,054 shares in the company, valued at $26,694,972. This trade represents a 0.17 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 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.