BKV Corporation (NYSE:BKV) Receives Average Rating of “Buy” from Brokerages

Shares of BKV Corporation (NYSE:BKV) have been given an average rating of “Buy” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.88.

A number of research firms recently commented on BKV. Susquehanna lifted their price objective on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 price objective on the stock. Jefferies Financial Group initiated coverage on BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $28.00 price objective on the stock. Citigroup started coverage on shares of BKV in a research note on Monday, October 21st. They set a “buy” rating and a $29.00 target price on the stock. Finally, Truist Financial raised their price objective on BKV from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

BKV Trading Down 0.3 %

Shares of BKV stock opened at $21.60 on Tuesday. BKV has a twelve month low of $17.39 and a twelve month high of $22.50. The business has a fifty day simple moving average of $19.54.

Insiders Place Their Bets

In related news, CFO John T. Jimenez acquired 16,500 shares of the stock in a transaction on Friday, September 27th. The shares were acquired at an average price of $18.00 per share, with a total value of $297,000.00. Following the completion of the transaction, the chief financial officer now owns 273,274 shares in the company, valued at approximately $4,918,932. The trade was a 6.43 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Rita Valois purchased 2,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $36,000.00. Following the acquisition, the insider now directly owns 15,333 shares in the company, valued at $275,994. This trade represents a 15.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 21,850 shares of company stock valued at $393,300 in the last 90 days.

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.