BKV (NYSE:BKV) Price Target Raised to $25.00

BKV (NYSE:BKV) had its target price raised by Susquehanna from $24.00 to $25.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

A number of other equities analysts have also recently issued reports on BKV. Truist Financial started coverage on BKV in a report on Friday, October 25th. They issued a “buy” rating and a $24.00 price objective for the company. KeyCorp initiated coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $23.00 target price for the company. Barclays assumed coverage on shares of BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $24.00 price target on the stock. Jefferies Financial Group started coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $28.00 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 target price on the stock. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $25.75.

BKV Stock Performance

Shares of NYSE:BKV opened at $20.59 on Wednesday. BKV has a 52-week low of $17.39 and a 52-week high of $21.57.

Insider Activity at BKV

In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were bought 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. This trade represents a 0.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mary Rita Valois purchased 2,000 shares of the 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 $36,000.00. Following the transaction, the insider now directly owns 15,333 shares in the company, valued at $275,994. The trade was a 15.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 21,850 shares of company stock worth $393,300 in 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.