BKV Corporation (NYSE:BKV) Receives $26.17 Consensus Price Target from Brokerages

BKV Corporation (NYSE:BKV) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $25.86.

A number of research firms have commented on BKV. Mizuho started coverage on BKV in a report on Monday. They set an “outperform” rating and a $29.00 price target on the stock. Susquehanna initiated coverage on BKV in a report on Tuesday. They issued a “positive” rating and a $24.00 price target on the stock. Evercore ISI initiated coverage on BKV in a research note on Monday. They issued an “outperform” rating and a $24.00 price target for the company. Barclays assumed coverage on shares of BKV in a research report on Monday. They set an “overweight” rating and a $24.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on shares of BKV in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock.

Insider Buying and Selling

In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the transaction, the chief executive officer now owns 1,483,054 shares of the company’s stock, valued at $26,694,972. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Christopher P. Kalnin purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $26,694,972. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John T. Jimenez purchased 16,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $18.00 per share, with a total value of $297,000.00. Following the completion of the transaction, the chief financial officer now owns 273,274 shares of the company’s stock, valued at $4,918,932. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 21,850 shares of company stock worth $393,300.

BKV Stock Down 1.3 %

BKV opened at $18.13 on Monday. BKV has a 1-year low of $17.90 and a 1-year high of $18.88.

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.