Baker Hughes Co (NASDAQ:BKR) shares traded -1.49% lower at $46.41 on Wall Street last session.
BKR stock price is now 6.25% away from the 50-day moving average and 23.20% away from the 200-day moving average. The market capitalization of the company currently stands at $45.95B.
With the price target of $53, Piper Sandler recently initiated with Overweight rating for Baker Hughes Co (NASDAQ: BKR). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Apostolides James E, Officer bought 7,681 shares of the company’s stock on Feb 12 ’25. The stock was bought for $358,319 at an average price of $46.65. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28 ’25, EVP, Oilfield Services & Equip BORRAS MARIA C sold 67,250 shares of the business’s stock. A total of $2,924,030 was realized by selling the stock at an average price of $43.48. This leaves the insider owning 106,052 shares of the company worth $4.92 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $28.63 and a high of $49.40. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.32, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $47658852352, which is based on a 15.58 price-to-earnings ratio, a 1.27 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for BKR is $43.6224 and a two-hundred day moving average price translates $37.6035 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for 2024-09-30. The net profit margin was 10.70% and return on equity was 18.47% for BKR. The company reported revenue of $6.91 billion for the quarter, compared to $6.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.02 percent.
