BKV (NYSE:BKV) Hits New 12-Month High – Still a Buy?

BKV Corporation (NYSE:BKV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.63 and last traded at $22.62, with a volume of 174730 shares traded. The stock had previously closed at $21.94.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BKV shares. Evercore ISI started coverage on shares of BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price on the stock. KeyCorp started coverage on shares of BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $23.00 price target on the stock. Jefferies Financial Group began coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $28.00 price objective for the company. Barclays initiated coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Citigroup started coverage on BKV in a research report on Monday, October 21st. They set a “buy” rating and a $29.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $25.88.

BKV Trading Down 0.7 %

The business’s 50-day moving average price is $19.83.

Insider Activity at BKV

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