BKV (NYSE:BKV) Stock Price Expected to Rise, KeyCorp Analyst Says

BKV (NYSE:BKV) had its price target boosted by research analysts at KeyCorp from $23.00 to $25.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 10.86% from the stock’s current price.

A number of other research analysts have also commented on BKV. Barclays initiated coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price for the company. Truist Financial raised their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group began coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 price target for the company. Evercore ISI initiated coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Mizuho increased their target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $26.63.

BKV Stock Performance

BKV stock opened at $22.55 on Monday. The business’s 50-day moving average price is $20.53. BKV has a twelve month low of $17.39 and a twelve month high of $24.03.

Insider Buying and Selling at BKV

In related news, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of $18.00 per share, for a total transaction 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 $4,918,932. The trade was a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 21,850 shares of company stock worth $393,300.

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.