Mizuho Initiates Coverage on BKV (NYSE:BKV)

Investment analysts at Mizuho started coverage on shares of BKV (NYSE:BKV) in a report released on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $29.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 57.95% from the stock’s previous close.

BKV has been the topic of several other reports. Jefferies Financial Group initiated coverage on shares of BKV in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock. KeyCorp assumed coverage on BKV in a research note on Monday. They set an “overweight” rating and a $23.00 target price on the stock. Finally, Barclays started coverage on BKV in a research note on Monday. They issued an “overweight” rating and a $24.00 price target for the company. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BKV currently has a consensus rating of “Buy” and a consensus price target of $25.86.

BKV Price Performance

Shares of BKV stock opened at $18.36 on Monday. BKV has a 1-year low of $17.90 and a 1-year high of $18.88.

Insider Activity

In other BKV news, CEO Christopher P. Kalnin acquired 2,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer now owns 1,483,054 shares in the company, valued at approximately $26,694,972. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher P. Kalnin bought 2,500 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were purchased 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 owns 1,483,054 shares in the company, valued at approximately $26,694,972. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 21,850 shares of company stock valued at $393,300.

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.