Intel stock extends gains after report of possible U.S. government stake
DENVER, CO — Larrick Lindsay (NYSE:LNN) B, the Chief Legal and Administrative Officer at BKV Corp (NASDAQ:BKV), recently executed a significant stock sale, according to an SEC filing. The $1.77 billion market cap company currently maintains a FAIR financial health score according to InvestingPro analysis. On March 25, Lindsay sold 15,000 shares of BKV Corp’s common stock at an average price of $21.0688 per share, totaling approximately $316,032. This transaction was conducted under a Rule 10b5-1 trading plan, which had been adopted in November 2024. Following this sale, Lindsay holds 245,528 shares in the company. The shares were sold at prices ranging from $20.90 to $21.275. While the company is not currently profitable, analysts maintain a strong buy consensus with price targets ranging from $21 to $33 per share. Discover more detailed insights and 6 additional key ProTips for BKV Corp through InvestingPro’s comprehensive research platform.
In other recent news, BKV Corporation reported a net loss of $57 million for Q4 2024, with earnings per share of $0.01 and revenue at $119.78 million. Despite the loss, the company generated a positive adjusted free cash flow of $92 million for the year, maintaining total liquidity of $436 million. KeyBanc Capital Markets adjusted its price target for BKV Corp to $25 from $27, while maintaining an Overweight rating, due to concerns about the Power segment’s earnings outlook. The Power joint venture’s gross EBITDA guidance was set between $130 million and $170 million, below the previously anticipated range of $200 million to $250 million. Analysts highlighted the significance of the Power segment to BKV’s valuation, noting potential challenges ahead. BKV’s projected production for 2025 is between 755-790 million cubic feet equivalent per day, with planned capital expenditures of $320-380 million. The company is exploring new power plant construction and potential partnerships in carbon capture, reflecting ongoing strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.