Shares of BKV Corporation (NYSE:BKV - Get Free Report) have received a consensus recommendation of "Buy" from the eight brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $25.75.
BKV has been the subject of several recent research reports. Evercore ISI assumed coverage on shares of BKV in a research note on Monday, October 21st. They issued an "outperform" rating and a $24.00 price target for the company. Barclays assumed coverage on BKV in a report on Monday, October 21st. They set an "overweight" rating and a $24.00 target price for the company. Susquehanna lifted their price target on BKV from $24.00 to $25.00 and gave the stock a "positive" rating in a research note on Wednesday. Mizuho started coverage on BKV in a research note on Monday, October 21st. They set an "outperform" rating and a $29.00 price objective for the company. Finally, KeyCorp started coverage on shares of BKV in a research note on Monday, October 21st. They issued an "overweight" rating and a $23.00 target price on the stock.
Read Our Latest Analysis on BKV
Insider Transactions at BKV
In other news, CEO Christopher P. Kalnin bought 2,500 shares of the firm'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 $45,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,483,054 shares of the company's stock, valued at approximately $26,694,972. This represents a 0.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John T. Jimenez purchased 16,500 shares of the business's stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $297,000.00. Following the acquisition, the chief financial officer now owns 273,274 shares of the company's stock, valued at approximately $4,918,932. The trade was a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 21,850 shares of company stock valued at $393,300.
BKV Price Performance
Shares of BKV stock traded down $0.71 during trading hours on Friday, hitting $20.61. 327,952 shares of the company's stock were exchanged, compared to its average volume of 345,368. BKV has a 12-month low of $17.39 and a 12-month high of $21.57.
About BKV
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Get Free ReportBKV 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.
Further Reading
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