Stocks of Baker Hughes Company (NASDAQ:BKR) traded higher last session on Wall Street, up 0.28% to $36.10.
According to the data, Baker Hughes Company (NASDAQ:BKR) has 27 analysts covering its stock. 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 $36.00, this indicates a potential upside of 11.11 percent. BKR stock price is now 6.09% away from the 50-day moving average and 17.89% away from the 200-day moving average. The market capitalization of the company currently stands at $36.28B.
A total of 6 analysts have issued a hold rating and 19 have given it a buy rating. Brokers who have rated the stock have averaged $39.88 as their price target over the next twelve months.
In other news, Jones Regina, Chief Legal Officer sold 10,000 shares of the company’s stock on Aug 24. The stock was sold for $351,900 at an average price of $35.19. Upon completion of the transaction, the Chief Legal Officer now directly owns 62,873 shares in the company, valued at $2.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, Chairman, President and CEO Simonelli Lorenzo sold 122,500 shares of the business’s stock. A total of $4,263,000 was realized by selling the stock at an average price of $34.80. This leaves the insider owning 467,438 shares of the company worth $16.87 million. Insiders disposed of 867,074 shares of company stock worth roughly $31.3 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 AVENTAIL CAPITAL GROUP, LP during the first quarter worth $33,912,000. YAUPON CAPITAL MANAGEMENT LP invested $18,760,000 in shares of BKR during the first quarter. In the first quarter, ENCOMPASS CAPITAL ADVISORS LLC acquired a new stake in Baker Hughes Company valued at approximately $18,050,000. WORLDQUANT MILLENNIUM ADVISORS LLC acquired a new stake in BKR for approximately $17,120,000. SOURCEROCK GROUP LLC purchased a new stake in BKR valued at around $14,494,000 in the second quarter. In total, there are 1,043 active investors with 97.80% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $36.00 for Baker Hughes Company (NASDAQ: BKR). 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 $40.19B, which is based on a 31.81 price-to-earnings ratio, a 0.73 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for BKR is $34.14 and a two-hundred day moving average price translates $30.65 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 2.22% 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%.
