BKV (NYSE:BKV) Sets New 52-Week High – Here’s What Happened

BKV Corporation (NYSE:BKV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $24.94 and last traded at $24.54, with a volume of 185638 shares trading hands. The stock had previously closed at $23.92.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. KeyCorp upped their price objective on shares of BKV from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Citigroup initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $29.00 price target for the company. Susquehanna increased their price target on shares of BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of BKV from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group initiated coverage on shares of BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $28.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $26.63.

BKV Stock Performance

The stock has a fifty day moving average price of $21.91.

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.