BKV (NYSE:BKV) Shares Up 2% – Still a Buy?

BKV Corporation (NYSE:BKV)’s stock price rose 2% on Monday . The stock traded as high as $23.07 and last traded at $22.99. Approximately 6,708 shares traded hands during trading, a decline of 98% from the average daily volume of 386,357 shares. The stock had previously closed at $22.53.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BKV. Evercore ISI began coverage on BKV in a research note on Monday, October 21st. They set an “outperform” rating and a $24.00 price target on the stock. Citigroup started coverage on shares of BKV in a report on Monday, October 21st. They issued a “buy” rating and a $29.00 target price on the stock. Truist Financial boosted their price target on BKV from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays started coverage on BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $24.00 price target for the company. Finally, Jefferies Financial Group began coverage on shares of BKV in a research report on Monday, October 21st. They set a “buy” rating and a $28.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $26.63.

BKV Trading Up 0.0 %

The stock has a 50 day moving average of $21.00.

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.