The stock of Baker Hughes Company (NASDAQ:BKR) last traded at $35.48, up 0.42% from the previous session.
Data from the available sources indicates that Baker Hughes Company (NASDAQ:BKR) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $44.00 and a low of $30.00, we find $40.00. Given the previous closing price of $35.33, this indicates a potential upside of 13.22 percent. BKR stock price is now 8.51% away from the 50-day moving average and 17.55% away from the 200-day moving average. The market capitalization of the company currently stands at $35.67B.
In total, 6 analysts have assigned it a hold rating, and 19 have given it a buy rating. Brokers who have rated the stock have averaged $39.76 as their price target over the next twelve months.
In other news, Simonelli Lorenzo, Chairman, President and CEO sold 122,500 shares of the company’s stock on Aug 08. The stock was sold for $4,263,000 at an average price of $34.80. Upon completion of the transaction, the Chairman, President and CEO now directly owns 467,438 shares in the company, valued at $16.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, Chairman, President and CEO Simonelli Lorenzo sold 122,500 shares of the business’s stock. A total of $4,347,525 was realized by selling the stock at an average price of $35.49. This leaves the insider owning 589,938 shares of the company worth $20.93 million. Insiders disposed of 612,074 shares of company stock worth roughly $21.72 million over the past 1 year. A total of 0.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BKR stock. A new stake in Baker Hughes Company shares was purchased by LMR PARTNERS LLP during the first quarter worth $19,656,000. DAVIDSON KEMPNER CAPITAL MANAGEMENT LP invested $12,418,000 in shares of BKR during the first quarter. In the first quarter, DAVIDSON KEMPNER PARTNERS acquired a new stake in Baker Hughes Company valued at approximately $12,418,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in BKR for approximately $10,178,000. BOKF, NA purchased a new stake in BKR valued at around $8,554,000 in the second quarter. In total, there are 1,043 active investors with 97.80% ownership of the company’s stock.
With an opening price of $35.20 on Friday morning, Baker Hughes Company (NASDAQ: BKR) set off the trading day. During the past 12 months, Baker Hughes Company has had a low of $20.42 and a high of $36.48. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.30, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $39.66B, which is based on a 31.26 price-to-earnings ratio, a 0.72 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for BKR is $32.86 and a two-hundred day moving average price translates $30.23 for the stock.
The latest earnings results from Baker Hughes Company (NASDAQ: BKR) was released for Jun, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.33 by 0.06. This compares to -$0.84 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 7.90% for BKR. The company reported revenue of $6.32 billion for the quarter, compared to $5.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.12 percent. For the current quarter, analysts expect BKR to generate $6.53B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/18/2023. Investors who held shares on 08/08/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.25% percent yield. There was an ex-dividend date of 08/07/2023 for this dividend. In terms of dividend payout ratio, BKR is presently at 65.70%.
Baker Hughes Company(BKR) Company Profile
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. The IET segment designs, manufactures, tests, and installs gas technology equipment, including drivers, driven equipment, flow control, and turnkey solutions for the mechanical-drive, compression, and power-generation applications; and gas technology services, such as advanced solutions, spare parts, specialized field service engineers, and repair services. This segment also provides rack-based vibration monitoring equipment and sensors; integrated asset performance management products; inspection services; pumps, valves, and gears; precision sensors and instrumentation, and controls. It serves upstream, midstream, downstream, onshore, offshore, and small and large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.
