KeyCorp Initiates Coverage on BKV (NYSE:BKV)

Analysts at KeyCorp started coverage on shares of BKV (NYSE:BKV) in a research report issued on Monday, Benzinga reports. The brokerage set an “overweight” rating and a $23.00 price target on the stock. KeyCorp’s price objective indicates a potential upside of 24.66% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Jefferies Financial Group initiated coverage on shares of BKV in a research report on Monday. They set a “buy” rating and a $28.00 price target for the company. Barclays initiated coverage on shares of BKV in a research report on Monday. They issued an “overweight” rating and a $24.00 target price for the company.

BKV Price Performance

BKV opened at $18.45 on Monday. BKV has a one year low of $17.90 and a one year high of $18.88.

Insider Buying and Selling

In related news, CFO John T. Jimenez bought 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 completion of the transaction, the chief financial officer now owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the stock in a transaction on Friday, September 27th. The stock was acquired 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 directly owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the stock in a transaction on Friday, September 27th. The stock was acquired at an average cost 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 $26,694,972. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 21,850 shares of company stock worth $393,300.

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.