Citigroup Initiates Coverage on BKV (NYSE:BKV)

Stock analysts at Citigroup started coverage on shares of BKV (NYSE:BKV) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $29.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 57.95% from the stock’s previous close.

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

BKV Trading Down 0.7 %

Shares of NYSE:BKV opened at $18.36 on Monday. BKV has a 52-week low of $17.90 and a 52-week high of $18.88.

Insider Buying and Selling

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