Intel stock extends gains after report of possible U.S. government stake
In a recent transaction, Tameron David, the Chief Financial Officer of BKV Corp (NASDAQ:BKV), sold shares of the company’s common stock. The sale, which took place on May 1, involved 4,409 shares at a price of $17.94 each, totaling $79,097. The transaction comes as BKV, currently valued at $1.5 billion, trades near $18.40 per share, with analysts maintaining a strong buy consensus and setting price targets between $20 and $33.
Following this transaction, David retains direct ownership of 43,370 shares. Additionally, there are 300 shares held indirectly, attributed to ownership by his son. With the company’s next earnings report scheduled for May 9, InvestingPro analysis reveals that 4 analysts have recently revised their earnings expectations upward for the upcoming period.
The transaction was conducted under a Rule 10b5-1 trading plan, which David adopted on December 12, 2024. This type of plan allows insiders to set up a predetermined schedule for selling stocks to avoid potential accusations of insider trading. While the stock has faced recent pressure, trading down 23% year-to-date, InvestingPro subscribers can access detailed insider trading patterns and 6 additional exclusive insights about BKV’s financial health and market position.
In other recent news, BKV Corporation reported a net loss of $57 million for the fourth quarter of 2024, with revenue totaling $119.78 million. Despite the quarterly loss, the company generated a positive adjusted free cash flow of $92 million for the year and ended with total liquidity of $436 million. Mizuho (NYSE:MFG) Securities maintained an Outperform rating for BKV, setting a price target of $33, citing the potential for the company to exceed its first-quarter 2025 EBITDA expectations. Meanwhile, KeyBanc Capital Markets adjusted its price target for BKV to $25 from $27, maintaining an Overweight rating due to concerns over the Power segment’s earnings outlook.
BKV also announced the appointment of Dilanka Seimon as its first Chief Commercial Officer, bringing over two decades of energy sector experience to the company. Seimon will lead the commercial midstream, gas marketing, and new products teams, focusing on the carbon capture, utilization, and sequestration portfolio. Additionally, BKV’s CEO, Chris Kalnin, highlighted the company’s efforts to strengthen its position in the energy market, particularly in natural gas production and carbon capture. The company is also actively pursuing financial partnerships to support its Carbon Capture and Storage business, with announcements expected within 90 to 100 days.
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