In Tuesday’s Wall Street session, Baker Hughes Co (NASDAQ:BKR) shares traded at $44.04, down -1.30% from the previous session.
BKR stock price is now -0.42% away from the 50-day moving average and 15.24% away from the 200-day moving average. The market capitalization of the company currently stands at $43.60B.
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, Buese Nancy, EVP & Chief Financial Officer sold 80,000 shares of the company’s stock on Feb 21 ’25. The stock was sold for $3,709,600 at an average price of $46.37. Upon completion of the transaction, the EVP & Chief Financial Officer now directly owns 6,299 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, Officer Buese Nancy bought 80,000 shares of the business’s stock. A total of $3,697,496 was incurred on buying the stock at an average price of $46.22. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $29.19 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.
The net profit margin was 10.70% and return on equity was 18.47% for BKR. The company reported revenue of $7.36 billion for the quarter, compared to $6.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.76 percent. For the current quarter, analysts expect BKR to generate $6.54B in revenue.
