BKV (NYSE:BKV) Receives New Coverage from Analysts at Truist Financial

Research analysts at Truist Financial began coverage on shares of BKV (NYSE:BKV) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set a “buy” rating and a $24.00 price target on the stock. Truist Financial’s price objective suggests a potential upside of 32.01% from the stock’s previous close.

A number of other research firms also recently issued reports on BKV. Evercore ISI initiated coverage on shares of BKV in a research note on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. KeyCorp initiated coverage on shares of BKV in a research note on Monday. They set an “overweight” rating and a $23.00 price objective for the company. Barclays started coverage on shares of BKV in a research note on Monday. They set an “overweight” rating and a $24.00 price objective for the company. Susquehanna started coverage on shares of BKV in a report on Tuesday. They set a “positive” rating and a $24.00 target price for the company. Finally, Mizuho assumed coverage on shares of BKV in a report on Monday. They set an “outperform” rating and a $29.00 target price for the company. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.63.

BKV Stock Down 0.3 %

Shares of NYSE:BKV opened at $18.18 on Friday. BKV has a one year low of $17.90 and a one year high of $18.88.

Insider Activity

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

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.