Mizuho Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price objective hoisted by equities research analysts at Mizuho from $29.00 to $33.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 42.61% from the stock’s previous close.

A number of other research firms have also recently weighed in on BKV. Evercore ISI assumed coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price on the stock. Citigroup started coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $29.00 price objective on the stock. Jefferies Financial Group assumed 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. KeyCorp started coverage on shares of BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Barclays initiated coverage on shares of BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 price target for the company. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $26.38.

BKV Stock Up 0.6 %

Shares of NYSE:BKV opened at $23.14 on Monday. BKV has a 1-year low of $17.39 and a 1-year high of $24.03. The stock’s fifty day simple moving average is $20.03.

Insider Buying and Selling at BKV

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the business’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the acquisition, the chief financial officer now owns 273,274 shares of the company’s stock, valued at approximately $4,918,932. The trade was a 6.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher P. Kalnin acquired 2,500 shares of the firm’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 directly owns 1,483,054 shares of the company’s stock, valued at approximately $26,694,972. The trade was a 0.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 21,850 shares of company stock valued at $393,300 over the last quarter.

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.