BKV (NYSE:BKV – Get Free Report) had its price target raised by equities researchers at KeyCorp from $23.00 to $25.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 15.26% from the company’s current price.
Several other brokerages have also recently issued reports on BKV. Truist Financial boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup assumed coverage on BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 target price for the company. Barclays began coverage on shares of BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $24.00 price target on the stock. Susquehanna boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, Mizuho raised their target price on shares of BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.63.
Check Out Our Latest Stock Report on BKV
BKV Stock Performance
Insider Activity
In other news, insider Mary Rita Valois acquired 2,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, with a total value of $36,000.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John T. Jimenez purchased 16,500 shares of the stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 273,274 shares in the company, valued at approximately $4,918,932. The trade was a 6.43 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,850 shares of company stock worth $393,300.
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.
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