In yesterday’s Wall Street session, Baker Hughes Co (NASDAQ:BKR) shares traded at $33.44, down -0.95% from the previous session.
BKR stock price is now 10.26% away from the 50-day moving average and 0.69% away from the 200-day moving average. The market capitalization of the company currently stands at $33.47B.
On January 25, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $46 to quote $49, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Apostolides James E, SVP, Enterprise Op Excellence sold 10,000 shares of the company’s stock on Mar 05 ’24. The stock was sold for $294,400 at an average price of $29.44. Upon completion of the transaction, the SVP, Enterprise Op Excellence now directly owns 14,451 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’23, EVP, Oilfield Services & Equip BORRAS MARIA C sold 10,000 shares of the business’s stock. A total of $335,300 was realized by selling the stock at an average price of $33.53. This leaves the insider owning 59,463 shares of the company worth $1.99 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $26.12 and a high of $37.58. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.25, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $36.85B, which is based on a 17.47 price-to-earnings ratio, a 0.58 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for BKR is $30.37 and a two-hundred day moving average price translates $33.22 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for Dec, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.48 by 0.03. This compares to $0.18 EPS in the same period last year. The net profit margin was 7.62% and return on equity was 13.06% for BKR. The company reported revenue of $6.83 billion for the quarter, compared to $5.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.73 percent. For the current quarter, analysts expect BKR to generate $6.37B in revenue.
