BKV (NYSE:BKV) Given New $25.00 Price Target at KeyCorp

BKV (NYSE:BKV) had its price target lifted by KeyCorp from $23.00 to $25.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Citigroup started coverage on BKV in a report on Monday, October 21st. They set a “buy” rating and a $29.00 price target for the company. Susquehanna boosted their target price on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Barclays initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 price target on the stock. Mizuho boosted their price objective on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group started coverage on shares of BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $28.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, BKV presently has a consensus rating of “Buy” and an average target price of $26.63.

BKV Price Performance

BKV stock opened at $21.97 on Monday. The stock’s fifty day moving average price is $20.44. BKV has a 12-month low of $17.39 and a 12-month high of $24.03.

Insider Transactions at BKV

In other news, insider Mary Rita Valois acquired 2,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $18.00 per share, with a total value of $36,000.00. Following the purchase, the insider now owns 15,333 shares of the company’s stock, valued at $275,994. This represents a 15.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher P. Kalnin bought 2,500 shares of BKV stock in a transaction dated Friday, September 27th. The stock was 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 in the company, valued at approximately $26,694,972. This trade represents a 0.17 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 21,850 shares of company stock worth $393,300.

BKV Company Profile

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.