Susquehanna Boosts BKV (NYSE:BKV) Price Target to $25.00

BKV (NYSE:BKV) had its price target boosted by analysts at Susquehanna from $24.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 17.32% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Barclays assumed coverage on BKV in a research report on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price on the stock. KeyCorp assumed coverage on BKV in a research report on Monday, October 21st. They issued an “overweight” rating and a $23.00 target price on the stock. Truist Financial assumed coverage on BKV in a research report on Friday, October 25th. They issued a “buy” rating and a $24.00 target price on the stock. Evercore ISI assumed coverage on BKV in a research report on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Citigroup initiated coverage on BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $29.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BKV presently has a consensus rating of “Buy” and an average price target of $25.75.

BKV Stock Performance

Shares of BKV opened at $21.31 on Wednesday. BKV has a 12 month low of $17.39 and a 12 month high of $21.32.

Insiders Place Their Bets

In related news, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $18.00 per share, with a total value of $297,000.00. Following the purchase, the chief financial officer now owns 273,274 shares of the company’s stock, valued at $4,918,932. This represents a 6.43 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher P. Kalnin purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,483,054 shares in the company, valued at $26,694,972. This represents a 0.17 % increase in their position. The disclosure for this purchase can be found here. In the last three months, 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.