Truist Financial Issues Positive Forecast for BKV (NYSE:BKV) Stock Price

BKV (NYSE:BKV) had its price target boosted by research analysts at Truist Financial from $24.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 21.95% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Citigroup assumed coverage on BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $29.00 price objective on the stock. Barclays assumed coverage on BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price for the company. Jefferies Financial Group assumed coverage on BKV in a report on Monday, October 21st. They issued a “buy” rating and a $28.00 target price for the company. Evercore ISI assumed coverage on BKV in a report on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Susquehanna upped their target price on BKV from $24.00 to $25.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, BKV presently has a consensus rating of “Buy” and a consensus price target of $25.88.

BKV Trading Down 0.5 %

Shares of BKV stock opened at $20.50 on Tuesday. BKV has a 52 week low of $17.39 and a 52 week high of $21.57.

Insider Buying and Selling

In other BKV news, CFO John T. Jimenez purchased 16,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $297,000.00. Following the completion of the purchase, the chief financial officer now owns 273,274 shares in the company, valued at $4,918,932. This represents a 6.43 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Rita Valois purchased 2,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the purchase, the insider now owns 15,333 shares of the company’s stock, valued at $275,994. The trade was a 15.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 21,850 shares of company stock worth $393,300 in the last three months.

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.