BKV Corporation (NYSE:BKV) Receives $25.88 Consensus Target Price from Analysts

BKV Corporation (NYSE:BKV) has received an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.88.

A number of brokerages have recently commented on BKV. Evercore ISI began coverage on shares of BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $24.00 price objective for the company. KeyCorp began coverage on shares of BKV in a report on Monday, October 21st. They set an “overweight” rating and a $23.00 target price for the company. Susquehanna lifted their target price on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Barclays began coverage on shares of BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 target price for the company. Finally, Citigroup began coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 target price for the company.

Insider Activity

In related news, CFO John T. Jimenez acquired 16,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Rita Valois acquired 2,000 shares of the 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 $36,000.00. Following the completion of the transaction, the insider now owns 15,333 shares in the company, valued at $275,994. This represents a 15.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 21,850 shares of company stock worth $393,300.

BKV Stock Down 0.7 %

Shares of BKV opened at $23.25 on Tuesday. The company has a 50-day moving average price of $19.93. BKV has a one year low of $17.39 and a one year high of $24.03.

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.