BKV (NYSE:BKV) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKV. Jefferies Financial Group started 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 assumed coverage on BKV in a report on Monday, October 21st. They set an “overweight” rating and a $24.00 target price on the stock. Evercore ISI initiated coverage on BKV in a research note on Monday, October 21st. They issued an “outperform” rating and a $24.00 target price for the company. KeyCorp raised their price objective on BKV from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Citigroup started coverage on BKV in a research report on Monday, October 21st. They issued a “buy” rating and a $29.00 price target on the stock. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.63.

BKV Stock Performance

The stock’s 50-day simple moving average is $21.66.

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.