BKV (NYSE:BKV) Now Covered by Jefferies Financial Group

Equities research analysts at Jefferies Financial Group assumed coverage on shares of BKV (NYSE:BKV) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 52.51% from the stock’s current price.

Separately, Barclays initiated coverage on shares of BKV in a research report on Monday. They issued an “overweight” rating and a $24.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $25.86.

BKV Stock Down 0.7 %

NYSE BKV opened at $18.36 on Monday. BKV has a 12 month low of $17.90 and a 12 month high of $18.88.

Insider Activity at BKV

In other news, insider Mary Rita Valois acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $36,000.00. Following the transaction, the insider now directly owns 15,333 shares in the company, valued at $275,994. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Mary Rita Valois bought 2,000 shares of the 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 $36,000.00. Following the purchase, the insider now owns 15,333 shares in the company, valued at approximately $275,994. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher P. Kalnin bought 2,500 shares of the 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 $45,000.00. Following the purchase, the chief executive officer now owns 1,483,054 shares in the company, valued at $26,694,972. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 21,850 shares of company stock worth $393,300 in the last ninety 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.