BKV Corporation (NYSE:BKV) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of BKV Corporation (NYSE:BKV - Get Free Report) have been assigned an average rating of "Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.88.

A number of analysts have recently issued reports on BKV shares. KeyCorp started coverage on BKV in a research report on Monday, October 21st. They set an "overweight" rating and a $23.00 target price on the stock. Truist Financial lifted their price objective on BKV from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Jefferies Financial Group started coverage on BKV in a research note on Monday, October 21st. They set a "buy" rating and a $28.00 target price for the company. Barclays assumed coverage on shares of BKV in a research report on Monday, October 21st. They set an "overweight" rating and a $24.00 price target for the company. Finally, Susquehanna upped their price target on shares of BKV from $24.00 to $25.00 and gave the company a "positive" rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In related news, CEO Christopher P. Kalnin purchased 2,500 shares of the company's stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the transaction, the chief executive officer now owns 1,483,054 shares of the company's stock, valued at $26,694,972. This trade represents a 0.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John T. Jimenez purchased 16,500 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost 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 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. Insiders have bought 21,850 shares of company stock worth $393,300 over the last ninety days.

BKV Trading Up 1.8 %

BKV traded up $0.39 during trading hours on Tuesday, reaching $21.97. 355,746 shares of the stock traded hands, compared to its average volume of 339,205. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $22.50. The business's fifty day moving average price is $19.54.

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.