BKV (NYSE:BKV) Price Target Raised to $25.00

BKV (NYSE:BKV) had its price objective hoisted by KeyCorp from $23.00 to $25.00 in a report issued on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other analysts have also recently issued reports on the company. Mizuho lifted their price objective on BKV from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Susquehanna lifted their price target on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Truist Financial increased their price objective on BKV from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $28.00 target price for the company. Finally, Evercore ISI began coverage on shares of BKV in a research note on Monday, October 21st. They set an “outperform” rating and a $24.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, BKV currently has an average rating of “Buy” and a consensus target price of $26.63.

BKV Price Performance

BKV stock opened at $22.55 on Monday. The business has a 50 day moving average of $20.53. BKV has a 12-month low of $17.39 and a 12-month high of $24.03.

Insider Activity

In other BKV news, insider Mary Rita Valois acquired 2,000 shares of BKV stock in a transaction on Friday, September 27th. The shares were bought at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John T. Jimenez purchased 16,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price of $18.00 per share, for a total transaction of $297,000.00. Following the transaction, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This represents a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 21,850 shares of company stock worth $393,300.

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.