BKV Corp. initiated with a Buy at Truist

Truist analyst Gabe Daoud initiated coverage of BKV Corp. (BKV) with a Buy rating and $37 price target Despite being a small cap, BKV stands out amongst exploration and production peers due to its large exposure to two key themes, namely power generation and energy transition, the analyst tells investors in a research note. The firm added that BKV currently sits as one of the largest natural gas producers in the Barnett benefitting from low capital intensity to generate FCF that can be redeployed to growth initiatives.