BKV (NYSE:BKV) Stock Price Expected to Rise, Mizuho Analyst Says

BKV (NYSE:BKV) had its price target boosted by investment analysts at Mizuho from $29.00 to $33.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 42.61% from the stock’s previous close.

A number of other brokerages also recently issued reports on BKV. Evercore ISI initiated coverage on BKV in a report on Monday, October 21st. They issued an “outperform” rating and a $24.00 price target for the company. Truist Financial increased 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. Barclays assumed coverage on BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $24.00 price target for the company. Citigroup started coverage on BKV in a research note on Monday, October 21st. They set a “buy” rating and a $29.00 price objective on the stock. Finally, KeyCorp started coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $23.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $26.38.

BKV Stock Performance

Shares of BKV opened at $23.14 on Monday. The stock’s 50-day moving average is $20.03. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $24.03.

Insider Activity at BKV

In other BKV news, insider Mary Rita Valois bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $18.00 per share, for a total transaction of $36,000.00. Following the completion of the purchase, the insider now directly owns 15,333 shares in the company, valued at $275,994. This trade represents a 15.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, with a total value of $45,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,483,054 shares of the company’s stock, valued at $26,694,972. This represents a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 21,850 shares of company stock valued at $393,300 over 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.