BKV Corporation (NYSE:BKV) Receives $25.88 Average Target Price from Brokerages

BKV Corporation (NYSE:BKV) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.88.

A number of equities research analysts have weighed in on the company. Mizuho initiated coverage on BKV in a report on Monday, October 21st. They set an “outperform” rating and a $29.00 price objective on the stock. Barclays initiated coverage on BKV in a research report on Monday, October 21st. They issued an “overweight” rating and a $24.00 price target on the stock. KeyCorp assumed coverage on BKV in a report on Monday, October 21st. They set an “overweight” rating and a $23.00 price objective for the company. Susquehanna upped their target price on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Finally, Evercore ISI started coverage on shares of BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 price target for the company.

BKV Stock Up 0.8 %

NYSE:BKV opened at $23.41 on Tuesday. The stock’s 50-day simple moving average is $19.83. BKV has a 52 week low of $17.39 and a 52 week high of $24.03.

Insiders Place Their Bets

In other news, insider Mary Rita Valois bought 2,000 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $36,000.00. Following the purchase, the insider now owns 15,333 shares of the company’s stock, valued at approximately $275,994. This represents a 15.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the business’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 purchase, the chief executive officer now directly owns 1,483,054 shares of the company’s stock, valued at $26,694,972. This trade represents a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,850 shares of company stock valued at $393,300 in the last 90 days.

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.