BKV Corporation (NYSE:BKV) Receives $26.17 Average PT from Analysts

BKV Corporation (NYSE:BKV) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.63.

A number of equities analysts have issued reports on BKV shares. Susquehanna began coverage on BKV in a report on Tuesday. They issued a “positive” rating and a $24.00 target price for the company. Barclays initiated coverage on BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of BKV in a research report on Monday, October 21st. They set a “buy” rating and a $28.00 target price on the stock. KeyCorp started coverage on shares of BKV in a research report on Monday, October 21st. They issued an “overweight” rating and a $23.00 price target for the company. 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 on the stock.

Insider Transactions at BKV

In other BKV news, CFO John T. Jimenez acquired 16,500 shares of the stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, with a total value of $297,000.00. Following the transaction, the chief financial officer now owns 273,274 shares in the company, valued at approximately $4,918,932. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO John T. Jimenez acquired 16,500 shares of the stock in a transaction dated 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 $4,918,932. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Rita Valois bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $36,000.00. Following the completion of the purchase, the insider now owns 15,333 shares of the company’s stock, valued at $275,994. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 21,850 shares of company stock worth $393,300 over the last three months.

BKV Stock Performance

Shares of NYSE:BKV opened at $18.06 on Monday. BKV has a 52-week low of $17.90 and a 52-week high of $18.88.

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.