BKV Corporation (NYSE:BKV) Given Consensus Rating of “Buy” by Analysts

BKV Corporation (NYSE:BKV) has earned an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.88.

A number of equities research analysts have recently weighed in on BKV shares. Truist Financial boosted their price objective on shares of BKV from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays began coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 price target for the company. Evercore ISI began coverage on BKV in a research note on Monday, October 21st. They set an “outperform” rating and a $24.00 price objective on the stock. Susquehanna boosted their target price on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Finally, KeyCorp initiated coverage on BKV in a research report on Monday, October 21st. They set an “overweight” rating and a $23.00 price target on the stock.

Insider Activity at BKV

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

BKV Stock Performance

Shares of NYSE BKV opened at $21.60 on Tuesday. The firm’s 50-day moving average price is $19.54. BKV has a 1-year low of $17.39 and a 1-year high of $22.50.

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.