The price of Baker Hughes Co (NASDAQ:BKR) shares last traded on Wall Street rose 1.18% to $47.96.
BKR stock price is now 10.76% away from the 50-day moving average and 28.80% away from the 200-day moving average. The market capitalization of the company currently stands at $47.46B.
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, BORRAS MARIA C, EVP, Oilfield Services & Equip sold 67,250 shares of the company’s stock on Jan 28 ’25. The stock was sold for $2,924,030 at an average price of $43.48. Upon completion of the transaction, the EVP, Oilfield Services & Equip now directly owns 106,052 shares in the company, valued at $5.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27 ’25, EVP, Oilfield Services & Equip BORRAS MARIA C sold 8,000 shares of the business’s stock. A total of $358,160 was realized by selling the stock at an average price of $44.77. This leaves the insider owning 173,302 shares of the company worth $8.31 million. 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 $28.32 and a high of $47.60. As of last week, the company has a debt-to-equity ratio of 0.35, 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 16.10 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for BKR is $43.2 and a two-hundred day moving average price translates $37.1557 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 18.38% 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.
