BKV Corporation (NYSE:BKV) Receives Average Recommendation of “Buy” from Analysts

BKV Corporation (NYSE:BKV) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.17.

Several equities research analysts have commented on BKV shares. Jefferies Financial Group started coverage on shares of BKV in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock. Mizuho initiated coverage on shares of BKV in a report on Monday. They issued an “outperform” rating and a $29.00 price target on the stock. Barclays initiated coverage on shares of BKV in a research report on Monday. They issued an “overweight” rating and a $24.00 price objective for the company. Evercore ISI initiated coverage on shares of BKV in a research report on Monday. They issued an “outperform” rating and a $24.00 price objective for the company. Finally, Citigroup initiated coverage on shares of BKV in a research report on Monday. They issued a “buy” rating and a $29.00 price objective for the company.

Insider Buying and Selling

In related news, CFO John T. Jimenez purchased 16,500 shares of BKV stock in a transaction that occurred on Friday, September 27th. The stock was purchased 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 directly owns 273,274 shares in the company, valued at approximately $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other BKV news, insider Mary Rita Valois acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $18.00 per share, with a total value of $36,000.00. Following the purchase, the insider now owns 15,333 shares in the company, valued at approximately $275,994. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John T. Jimenez acquired 16,500 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $18.00 per share, with a total value of $297,000.00. Following the purchase, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 21,850 shares of company stock worth $393,300 in the last 90 days.

BKV Stock Up 0.9 %

NYSE:BKV traded up $0.16 during mid-day trading on Monday, hitting $18.61. The company’s stock had a trading volume of 64,720 shares, compared to its average volume of 471,331. BKV has a 1 year low of $17.90 and a 1 year high of $18.88.

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.