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

Shares of BKV Corporation (NYSE:BKV) hit a new 52-week high on Tuesday . The company traded as high as $24.93 and last traded at $24.78, with a volume of 122165 shares changing hands. The stock had previously closed at $24.38.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of BKV in a report on Monday, October 21st. They set an “outperform” rating and a $24.00 target price on the stock. Citigroup assumed coverage on shares of BKV in a research note on Monday, October 21st. They issued a “buy” rating and a $29.00 target price for the company. Susquehanna raised their target price on BKV from $24.00 to $25.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. Truist Financial increased their target price on BKV from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Barclays began coverage on shares of BKV in a research note on Monday, October 21st. They issued an “overweight” rating and a $24.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $27.50.

BKV Price Performance

The stock’s 50 day moving average is $22.54.

Hedge Funds Weigh In On BKV

An institutional investor recently bought a new position in BKV stock. SG Americas Securities LLC purchased a new stake in shares of BKV Corporation (NYSE:BKV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,593 shares of the company’s stock, valued at approximately $157,000.

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.