BKV (NYSE:BKV) Earns Positive Rating from Analysts at Susquehanna

Investment analysts at Susquehanna began coverage on shares of BKV (NYSE:BKV) in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage set a “positive” rating and a $24.00 price target on the stock. Susquehanna’s price target would indicate a potential upside of 29.94% from the company’s current price.

Several other equities research analysts also recently commented on BKV. Barclays initiated coverage on BKV in a report on Monday. They set an “overweight” rating and a $24.00 target price on the stock. Jefferies Financial Group began coverage on BKV in a research note on Monday. They set a “buy” rating and a $28.00 price objective for the company. KeyCorp began coverage on BKV in a research note on Monday. They set an “overweight” rating and a $23.00 price objective for the company. Citigroup began coverage on BKV in a research note on Monday. They set a “buy” rating and a $29.00 price objective for the company. Finally, Evercore ISI began coverage on BKV in a research note on Monday. They set an “outperform” rating and a $24.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $25.86.

BKV Price Performance

BKV stock opened at $18.47 on Tuesday. BKV has a 12 month low of $17.90 and a 12 month high of $18.88.

Insider Buying and Selling

In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased 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 directly owns 1,483,054 shares of the company’s stock, valued at approximately $26,694,972. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other BKV news, CEO Christopher P. Kalnin bought 2,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased 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 directly owns 1,483,054 shares of the company’s stock, valued at approximately $26,694,972. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John T. Jimenez acquired 16,500 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the purchase, the chief financial officer now directly owns 273,274 shares in the company, valued at approximately $4,918,932. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 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.