Truist Financial Initiates Coverage on BKV (NYSE:BKV)

Analysts at Truist Financial began coverage on shares of BKV (NYSE:BKV) in a report released on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $24.00 price target on the stock. Truist Financial’s price objective indicates a potential upside of 32.96% from the company’s current price.

BKV has been the topic of several other research reports. Citigroup initiated coverage on BKV in a research report on Monday, October 21st. They set a “buy” rating and a $29.00 target price on the stock. Susquehanna began coverage on BKV in a report on Tuesday, October 22nd. They set a “positive” rating and a $24.00 price objective for the company. Evercore ISI began coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 price objective for the company. Mizuho began coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Barclays began coverage on BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $25.63.

BKV Stock Performance

Shares of NYSE BKV opened at $18.05 on Friday. BKV has a 12-month low of $17.90 and a 12-month high of $18.88.

Insider Buying and Selling

In other news, CFO John T. Jimenez bought 16,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $297,000.00. Following the purchase, the chief financial officer now directly owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer now directly owns 1,483,054 shares of the company’s stock, valued at approximately $26,694,972. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John T. Jimenez acquired 16,500 shares of BKV stock in a transaction on Friday, September 27th. The shares were bought at an average price 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. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 21,850 shares of company stock worth $393,300 in the last 90 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.