BKV Corporation (NYSE:BKV) Given Average Rating of “Buy” by Brokerages

BKV Corporation (NYSE:BKV) has earned an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $25.75.

A number of analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $28.00 price target on the stock. Evercore ISI began coverage on BKV in a research report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price on the stock. KeyCorp assumed coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $23.00 price target for the company. Citigroup initiated coverage on BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, Truist Financial began coverage on BKV in a research report on Friday, October 25th. They issued a “buy” rating and a $24.00 price objective for the company.

Insider Buying and Selling

In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, with a total value of $45,000.00. Following the purchase, the chief executive officer now directly owns 1,483,054 shares of the company’s stock, valued at $26,694,972. This trade represents a 0.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mary Rita Valois purchased 2,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the insider now directly owns 15,333 shares of the company’s stock, valued at approximately $275,994. This represents a 15.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 21,850 shares of company stock worth $393,300.

BKV Trading Up 4.0 %

BKV stock opened at $21.31 on Friday. BKV has a 12 month low of $17.39 and a 12 month high of $21.32.

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.