Mizuho Raises BKV (NYSE:BKV) Price Target to $33.00

BKV (NYSE:BKV) had its price target lifted by research analysts at Mizuho from $29.00 to $33.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 41.94% from the stock’s current price.

Several other brokerages also recently commented on BKV. KeyCorp started coverage on shares of BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $23.00 price objective on the stock. Jefferies Financial Group started coverage on shares of BKV in a research note on Monday, October 21st. They set a “buy” rating and a $28.00 target price on the stock. Barclays started coverage on shares of BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $24.00 target price on the stock. Susquehanna upped their target price on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.38.

BKV Price Performance

BKV stock remained flat at $23.25 during trading on Monday. 185,801 shares of the company traded hands, compared to its average volume of 343,916. BKV has a one year low of $17.39 and a one year high of $24.03. The business’s 50-day simple moving average is $19.93.

Insider Transactions at BKV

In related news, insider Mary Rita Valois acquired 2,000 shares of the business’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 $36,000.00. Following the acquisition, the insider now directly owns 15,333 shares in the company, valued at $275,994. This represents a 15.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher P. Kalnin acquired 2,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost 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 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. Insiders have acquired 21,850 shares of company stock worth $393,300 in the last quarter.

BKV Company Profile

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.