BKV Corporation's (NYSE:BKV) Quiet Period To Expire on November 5th

BKV's (NYSE:BKV - Get Free Report) quiet period is set to expire on Tuesday, November 5th. BKV had issued 15,000,000 shares in its initial public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. During the company's quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Several research firms have commented on BKV. Evercore ISI started coverage on BKV in a report on Monday, October 21st. They issued an "outperform" rating and a $24.00 price target for the company. Jefferies Financial Group started coverage on BKV in a research note on Monday, October 21st. They issued a "buy" rating and a $28.00 target price for the company. Susquehanna assumed coverage on shares of BKV in a research note on Tuesday, October 22nd. They set a "positive" rating and a $24.00 price target on the stock. Truist Financial started coverage on shares of BKV in a research note on Friday. They issued a "buy" rating and a $24.00 price objective for the company. Finally, Mizuho initiated coverage on shares of BKV in a report on Monday, October 21st. They set an "outperform" rating and a $29.00 price objective for the company. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has an average rating of "Buy" and a consensus price target of $25.63.

BKV Stock Performance

Shares of NYSE:BKV traded up $0.37 on Tuesday, hitting $18.08. The stock had a trading volume of 374,468 shares, compared to its average volume of 418,199. BKV has a twelve month low of $17.39 and a twelve month high of $18.88.

Insider Activity at BKV

In other news, CFO John T. Jimenez acquired 16,500 shares of the firm's stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the purchase, the chief financial officer now owns 273,274 shares of the company's stock, valued at $4,918,932. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO John T. Jimenez acquired 16,500 shares of the company's stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, with a total value of $297,000.00. Following the acquisition, the chief financial officer now owns 273,274 shares of the company's stock, valued at $4,918,932. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders bought 21,850 shares of company stock valued at $393,300 in the last ninety 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.