Truist Financial Forecasts Strong Price Appreciation for BKV (NYSE:BKV) Stock

BKV (NYSE:BKV) had its price objective increased by research analysts at Truist Financial from $25.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 24.38% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Citigroup initiated coverage on shares of BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 price target on the stock. Mizuho increased their target price on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. KeyCorp upped their target price on BKV from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays began 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. Finally, Evercore ISI initiated 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BKV has a consensus rating of “Buy” and an average price target of $27.50.

BKV Trading Up 1.0 %

Shares of BKV stock opened at $24.12 on Monday. BKV has a fifty-two week low of $17.39 and a fifty-two week high of $24.93. The company has a 50 day moving average of $22.03.

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.