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

BKV (NYSE:BKV) had its price objective boosted by investment analysts at Susquehanna from $24.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 17.32% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Citigroup assumed coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 target price for the company. Barclays started coverage on shares of BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $24.00 target price for the company. KeyCorp started coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $23.00 price objective for the company. Mizuho initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of BKV in a research note on Friday, October 25th. They set a “buy” rating and a $24.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $25.75.

BKV Trading Up 4.0 %

BKV stock opened at $21.31 on Wednesday. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $21.32.

Insider Buying and Selling

In other BKV news, CFO John T. Jimenez acquired 16,500 shares of the company’s stock in a transaction dated 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 purchase, the chief financial officer now directly owns 273,274 shares in the company, valued at approximately $4,918,932. This trade represents a 6.43 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher P. Kalnin acquired 2,500 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were 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 owns 1,483,054 shares in the company, valued at approximately $26,694,972. This represents a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 21,850 shares of company stock valued at $393,300 over the last ninety days.

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.