BKV (NYSE:BKV) Trading Up 2% – Still a Buy?

BKV Corporation (NYSE:BKV)’s stock price rose 2% during mid-day trading on Monday . The company traded as high as $23.07 and last traded at $22.99. Approximately 6,708 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 386,357 shares. The stock had previously closed at $22.53.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKV shares. Evercore ISI assumed coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price on the stock. Citigroup assumed coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 target price for the company. Jefferies Financial Group initiated coverage on BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 price target on the stock. Barclays initiated coverage on BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, Mizuho boosted their target price on BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, BKV presently has a consensus rating of “Buy” and an average price target of $26.63.

BKV Price Performance

The stock’s 50-day moving average is $20.79.

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.