BKV (NYSE:BKV) Hits New 1-Year High – What’s Next?

BKV Corporation (NYSE:BKV)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $24.32 and last traded at $23.88, with a volume of 45598 shares traded. The stock had previously closed at $23.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKV shares. KeyCorp raised their price objective on shares of BKV from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Susquehanna lifted their price objective on shares of BKV from $24.00 to $25.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Evercore ISI started coverage on shares of BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $24.00 price objective for the company. Truist Financial raised their target price on BKV from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Citigroup started coverage on BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 price target for the company. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $26.63.

BKV Stock Up 0.4 %

The company has a 50-day moving average of $21.11.

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.