Brokerages Set BKV Corporation (NYSE:BKV) Target Price at $25.88

Shares of BKV Corporation (NYSE:BKV) have earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.38.

A number of equities research analysts have commented on BKV shares. Evercore ISI began coverage on shares of BKV in a research note on Monday, October 21st. They set an “outperform” rating and a $24.00 target price on the stock. Citigroup started coverage on shares of BKV in a research note on Monday, October 21st. They set a “buy” rating and a $29.00 target price on the stock. Barclays assumed coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 price target for the company. Truist Financial boosted their price objective on BKV from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, KeyCorp began coverage on BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $23.00 target price for the company.

BKV Stock Performance

NYSE BKV opened at $23.01 on Tuesday. BKV has a 52 week low of $17.39 and a 52 week high of $24.03. The stock has a 50-day moving average of $20.03.

Insider Activity at BKV

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price of $18.00 per share, with a total value of $297,000.00. Following the completion of the purchase, the chief financial officer now directly owns 273,274 shares in the company, valued at $4,918,932. This trade represents a 6.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher P. Kalnin acquired 2,500 shares of the company’s 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 completion of the purchase, the chief executive officer now directly owns 1,483,054 shares in the company, valued at approximately $26,694,972. This represents a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 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.