BKV (NYSE:BKV) Sets New 1-Year High - What's Next?

Shares of BKV Corporation (NYSE:BKV - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.63 and last traded at $22.62, with a volume of 174730 shares. The stock had previously closed at $21.94.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of BKV from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of BKV in a research report on Monday, October 21st. They set a "buy" rating and a $28.00 price target for the company. Mizuho assumed coverage on shares of BKV in a report on Monday, October 21st. They set an "outperform" rating and a $29.00 target price for the company. Citigroup initiated coverage on BKV in a research report on Monday, October 21st. They issued a "buy" rating and a $29.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of BKV in a report on Monday, October 21st. They issued an "outperform" rating and a $24.00 price target on the stock. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $25.88.

BKV Stock Down 0.7 %

The firm has a 50-day moving average price of $19.83.

Insider Activity at BKV

In related news, insider Mary Rita Valois bought 2,000 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the acquisition, the insider now owns 15,333 shares of the company's stock, valued at $275,994. This represents a 15.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the firm's stock in a transaction on Friday, September 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer now owns 1,483,054 shares in the company, valued at approximately $26,694,972. This represents a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 21,850 shares of company stock valued at $393,300 over the last 90 days.

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.