Truist Financial Forecasts Strong Price Appreciation for BKV (NYSE:BKV) Stock

BKV (NYSE:BKV - Get Free Report) had its price objective upped by stock analysts at Truist Financial from $24.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 21.07% from the company's current price.

A number of other equities analysts also recently commented on BKV. Susquehanna upped their target price on shares of BKV from $24.00 to $25.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. Barclays assumed coverage on BKV in a research report on Monday, October 21st. They set an "overweight" rating and a $24.00 target price for the company. Evercore ISI initiated coverage on BKV in a research report on Monday, October 21st. They set an "outperform" rating and a $24.00 price target on the stock. Citigroup started coverage on BKV in a report on Monday, October 21st. They issued a "buy" rating and a $29.00 price objective for the company. Finally, KeyCorp began coverage on shares of BKV in a report on Monday, October 21st. They issued an "overweight" rating and a $23.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, BKV presently has an average rating of "Buy" and a consensus target price of $25.88.

BKV Trading Up 0.6 %

Shares of NYSE:BKV traded up $0.13 on Tuesday, hitting $20.65. 125,411 shares of the company's stock were exchanged, compared to its average volume of 335,645. BKV has a 12 month low of $17.39 and a 12 month high of $21.57.

Insider Buying and Selling at BKV

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

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.