Jefferies Financial Group Begins Coverage on BKV (NYSE:BKV)

Equities research analysts at Jefferies Financial Group assumed coverage on shares of BKV (NYSE:BKV) in a report released on Monday, Benzinga reports. The firm set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 51.76% from the stock’s current price.

Separately, Barclays assumed coverage on BKV in a report on Monday. They issued an “overweight” rating and a $24.00 price target for the company.

BKV Trading Up 1.2 %

NYSE BKV opened at $18.45 on Monday. BKV has a twelve month low of $17.90 and a twelve month high of $18.88.

Insider Activity

In other BKV news, insider Mary Rita Valois bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost 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 in the company, valued at approximately $275,994. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In other BKV news, insider Mary Rita Valois purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $18.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the insider now owns 15,333 shares of the company’s stock, valued at approximately $275,994. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought 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 directly owns 1,483,054 shares of the company’s stock, valued at $26,694,972. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 21,850 shares of company stock worth $393,300 over the last three months.

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.