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Eric S. Jacobsen, President of Upstream at BKV Corp (NASDAQ:BKV), recently sold a significant portion of company shares. According to a recent SEC filing, Jacobsen sold 31,350 shares of BKV Corp common stock on April 3, 2025. The shares were sold at a weighted average price of $20.0628, resulting in a total transaction value of approximately $628,968. The sale comes as BKV’s stock trades near its 52-week low of $17.39, with the company currently valued at $1.7 billion.
The sale was conducted under a Rule 10b5-1 trading plan, which Jacobsen adopted on December 10, 2024. The shares were sold in multiple transactions with prices ranging from $19.655 to $20.41. Following this sale, Jacobsen retains ownership of 320,603 shares in the company. While the company is not currently profitable, InvestingPro analysis shows analysts expect BKV to turn profitable this year, with consensus price targets ranging from $21 to $33 per share. Get access to 7 more exclusive InvestingPro Tips and comprehensive financial analysis for BKV Corp through InvestingPro’s detailed research reports.
In other recent news, BKV Corporation reported a net loss of $57 million for the fourth quarter of 2024, with revenue reaching $119.78 million. Despite the loss, the company achieved a positive adjusted free cash flow of $92 million for the year, maintaining a total liquidity of $436 million. KeyBanc Capital Markets revised its price target for BKV Corp to $25 from $27, maintaining an Overweight rating due to concerns about the Power segment’s earnings outlook. The Power joint venture’s gross EBITDA guidance was adjusted to a range of $130 million to $170 million, below the previously anticipated $200 million to $250 million range.
Additionally, BKV announced the appointment of Dilanka Seimon as the Chief Commercial Officer, who will focus on the company’s commercial midstream, gas marketing, and new products teams. Seimon’s extensive experience in the energy sector is expected to strengthen BKV’s position in natural gas production, carbon capture, and power generation. The company also outlined its plans for 2025, projecting production between 755 and 790 million cubic feet equivalent per day and capital expenditures of $320 million to $380 million. BKV is exploring additional power plant construction and potential partnerships in carbon capture, indicating a strategic focus on expanding its operations in these areas.
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