BKV (NYSE:BKV) Coverage Initiated at Evercore ISI

Stock analysts at Evercore ISI initiated coverage on shares of BKV (NYSE:BKV) in a research report issued on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $24.00 price target on the stock. Evercore ISI’s target price would indicate a potential upside of 30.72% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Barclays started coverage on BKV in a research note on Monday. They set an “overweight” rating and a $24.00 price target on the stock. Jefferies Financial Group started coverage on shares of BKV in a research report on Monday. They set a “buy” rating and a $28.00 target price on the stock. KeyCorp initiated coverage on shares of BKV in a research report on Monday. They issued an “overweight” rating and a $23.00 price target for the company. Finally, Mizuho initiated coverage on shares of BKV in a research report on Monday. They set an “outperform” rating and a $29.00 price objective on the stock. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $25.86.

BKV Price Performance

BKV stock opened at $18.36 on Monday. BKV has a twelve month low of $17.90 and a twelve month high of $18.88.

Insider Buying and Selling at BKV

In other news, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer now 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost 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 $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,483,054 shares in the company, valued at $26,694,972. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have 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.