Jefferies Financial Group Initiates Coverage on BKV (NYSE:BKV)

Research analysts at Jefferies Financial Group initiated coverage on shares of BKV (NYSE:BKV) in a report released on Monday, Benzinga reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 51.76% from the company’s previous close.

Separately, Barclays started coverage on BKV in a research report on Monday. They set an “overweight” rating and a $24.00 target price on the stock.

BKV Stock Up 1.2 %

BKV stock opened at $18.45 on Monday. BKV has a 52 week low of $17.90 and a 52 week high of $18.88.

Insider Buying and Selling at BKV

In other BKV news, CFO John T. Jimenez bought 16,500 shares of BKV stock in a transaction on Friday, September 27th. The shares were 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 directly owns 273,274 shares in the company, valued at $4,918,932. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO John T. Jimenez bought 16,500 shares of the 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 completion of the purchase, the chief financial officer now owns 273,274 shares in the company, valued at approximately $4,918,932. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher P. Kalnin bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $18.00 per share, with a total value of $45,000.00. Following the purchase, the chief executive officer now owns 1,483,054 shares of the company’s stock, valued at $26,694,972. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 21,850 shares of company stock valued at $393,300 over 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.