BKV Corporation’s (NYSE:BKV) Quiet Period Will Expire Tomorrow

BKV’s (NYSE:BKV) quiet period is set to end on Tuesday, November 5th. BKV had issued 15,000,000 shares in its public offering on September 26th. The total size of the offering was $270,000,000 based on an initial share price of $18.00. During BKV’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BKV shares. Jefferies Financial Group initiated coverage on BKV in a research note on Monday, October 21st. They set a “buy” rating and a $28.00 target price on the stock. Barclays began coverage on BKV in a research note on Monday, October 21st. They set an “overweight” rating and a $24.00 price target on the stock. Truist Financial began coverage on BKV in a research report on Friday, October 25th. They set a “buy” rating and a $24.00 price objective for the company. Citigroup initiated coverage on BKV in a research report on Monday, October 21st. They set a “buy” rating and a $29.00 price objective for the company. Finally, KeyCorp assumed coverage on BKV in a report on Monday, October 21st. They issued an “overweight” rating and a $23.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $25.63.

BKV Trading Down 2.2 %

NYSE:BKV opened at $17.64 on Monday. BKV has a one year low of $17.39 and a one year high of $18.88.

Insider Buying and Selling

In other news, CFO John T. Jimenez acquired 16,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 273,274 shares in the company, valued at $4,918,932. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO John T. Jimenez bought 16,500 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 273,274 shares of the company’s stock, valued at $4,918,932. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Rita Valois acquired 2,000 shares of BKV stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the insider now owns 15,333 shares of the company’s stock, valued at approximately $275,994. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have 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.