BKV (NYSE:BKV) Receives New Coverage from Analysts at Truist Financial

Truist Financial initiated coverage on shares of BKV (NYSE:BKV - Free Report) in a report issued on Friday, MarketBeat reports. The brokerage issued a buy rating and a $24.00 price objective on the stock.

A number of other research analysts have also commented on BKV. Citigroup began coverage on BKV in a research report on Monday. They set a "buy" rating and a $29.00 price target for the company. Evercore ISI initiated coverage on BKV in a report on Monday. They set an "outperform" rating and a $24.00 target price for the company. Susquehanna began coverage on shares of BKV in a report on Tuesday. They issued a "positive" rating and a $24.00 price target on the stock. Jefferies Financial Group started coverage on shares of BKV in a report on Monday. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Mizuho assumed coverage on shares of BKV in a research report on Monday. They issued an "outperform" rating and a $29.00 target price for the company. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $25.63.

BKV Stock Performance

Shares of BKV stock traded down $0.13 during mid-day trading on Friday, reaching $18.06. The stock had a trading volume of 153,220 shares, compared to its average volume of 433,925. BKV has a 52-week low of $17.90 and a 52-week high of $18.88.

Insider Transactions at BKV

In other BKV news, CEO Christopher P. Kalnin purchased 2,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $45,000.00. Following the transaction, the chief executive officer now directly owns 1,483,054 shares in the company, valued at approximately $26,694,972. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO John T. Jimenez bought 16,500 shares of the company's stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 273,274 shares of the company's stock, valued at $4,918,932. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher P. Kalnin bought 2,500 shares of the business's stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer now owns 1,483,054 shares of the company's stock, valued at approximately $26,694,972. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 21,850 shares of company stock valued at $393,300 in the last three months.

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.