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Baker Hughes Stock Price, News & Analysis (NASDAQ:BKR)

$33.34
-0.48 (-1.42%)
(As of 04:00 PM ET)
Compare
Today's Range
$33.13
$33.97
50-Day Range
$33.14
$36.59
52-Week Range
$26.12
$37.58
Volume
5.46 million shs
Average Volume
6.85 million shs
Market Capitalization
$33.55 billion
P/E Ratio
20.08
Dividend Yield
2.40%
Price Target
$39.56

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
18.5% Upside
$39.56 Price Target
Short Interest
Healthy
1.55% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Baker Hughes in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth
30.57%
From $1.57 to $2.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Oils/Energy Sector

54th out of 233 stocks

Oil & Gas Field Machinery Industry

5th out of 13 stocks


BKR stock logo

About Baker Hughes Stock (NASDAQ:BKR)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. The IET segment designs, manufactures, tests, and installs gas technology equipment, including drivers, driven equipment, flow control, and turnkey solutions for the mechanical-drive, compression, and power-generation applications; and gas technology services, such as advanced solutions, spare parts, specialized field service engineers, and repair services. This segment also provides rack-based vibration monitoring equipment and sensors; integrated asset performance management products; inspection services; pumps, valves, and gears; precision sensors and instrumentation, and controls. It serves upstream, midstream, downstream, onshore, offshore, and small and large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.

BKR Stock Price History

BKR Stock News Headlines

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Baker Hughes Co Class A
Baker Hughes Enters New $3 Billion Credit Facility
Oil Rig Count Unchanged, Baker Hughes Says
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Baker Hughes Co's Dividend Analysis
This Oil Stock Primes A New Breakout With 315% Growth
Baker Hughes Co Class A BKR
Here's Why Baker Hughes (BKR) is a Strong Growth Stock
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 11/17 Dividend
11/03/2023
Dividend Payable
11/17/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/22/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Current Symbol
NASDAQ:BKR
Employees
55,000
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$39.56
High Stock Price Target
$47.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$-601,000,000.00
Pretax Margin
10.09%

Debt

Sales & Book Value

Annual Sales
$21.16 billion
Cash Flow
$1.91 per share
Book Value
$15.30 per share

Miscellaneous

Outstanding Shares
1,006,230,000
Free Float
1,003,819,000
Market Cap
$33.39 billion
Optionable
Optionable
Beta
1.45

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Key Executives

Should I Buy Baker Hughes Stock? BKR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Baker Hughes was last updated on Tuesday, November 28, 2023 at 10:14 AM.

Pros

Here are some ways that investors could benefit from investing in Baker Hughes:

  • Baker Hughes Company provides a portfolio of technologies and services to the energy and industrial value chain worldwide.
  • Baker Hughes Company operates through two segments: Oilfield Services and Digital Solutions.
  • Baker Hughes Company offers products and services for onshore and offshore drilling, completion, production, and reservoir consulting.
  • Baker Hughes Company has a strong track record of innovation and technological advancements in the energy industry.
  • Baker Hughes Company has a global presence and serves a diverse range of customers in the energy and industrial sectors.

Cons

Investors should be bearish about investing in Baker Hughes for these reasons:

  • Baker Hughes Company's stock price may be subject to volatility due to fluctuations in the energy market.
  • The energy industry is highly competitive, and Baker Hughes Company faces competition from other major players in the market.
  • Changes in government regulations and policies related to the energy sector can impact Baker Hughes Company's operations and profitability.
  • Global economic conditions and geopolitical factors can affect the demand for energy products and services, which may impact Baker Hughes Company's financial performance.
  • Investing in the energy sector carries inherent risks, including exposure to commodity price fluctuations and environmental concerns.














BKR Stock Analysis - Frequently Asked Questions

Should I buy or sell Baker Hughes stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BKR shares.
View BKR analyst ratings
or view top-rated stocks.

What is Baker Hughes' stock price target for 2024?

15 Wall Street analysts have issued 12 month target prices for Baker Hughes' stock. Their BKR share price targets range from $32.00 to $47.00. On average, they predict the company's stock price to reach $39.56 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for BKR
or view top-rated stocks among Wall Street analysts.

How have BKR shares performed in 2023?

Baker Hughes' stock was trading at $29.53 at the start of the year. Since then, BKR shares have increased by 13.1% and is now trading at $33.40.
View the best growth stocks for 2023 here
.

Are investors shorting Baker Hughes?

Baker Hughes saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 15,620,000 shares, an increase of 7.6% from the October 31st total of 14,510,000 shares. Based on an average trading volume of 7,010,000 shares, the days-to-cover ratio is presently 2.2 days.
View Baker Hughes' Short Interest
.

When is Baker Hughes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
View our BKR earnings forecast
.

How were Baker Hughes' earnings last quarter?

Baker Hughes (NASDAQ:BKR) released its quarterly earnings data on Wednesday, October, 25th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $6.52 billion. Baker Hughes had a trailing twelve-month return on equity of 9.94% and a net margin of 6.86%. The company's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS.

How often does Baker Hughes pay dividends? What is the dividend yield for Baker Hughes?

Baker Hughes announced a quarterly dividend on Wednesday, October 25th. Investors of record on Monday, November 6th will be paid a dividend of $0.20 per share on Friday, November 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 3rd.
Read our dividend analysis for BKR
.

Is Baker Hughes a good dividend stock?

Baker Hughes (NASDAQ:BKR) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.36%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKR will have a dividend payout ratio of 39.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKR.

What guidance has Baker Hughes issued on next quarter's earnings?

Baker Hughes issued an update on its third quarter 2023 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.40 billion-$6.60 billion, compared to the consensus revenue estimate of $6.53 billion.

Who are Baker Hughes' major shareholders?

Baker Hughes' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (1.60%), Northern Trust Corp (0.98%), Bank of New York Mellon Corp (0.95%), Morgan Stanley (0.94%), abrdn plc (0.92%) and Deutsche Bank AG (0.80%). Insiders that own company stock include Baker Hughes Holdings Llc, Brian Worrell, Electric Co General, Gregory D Brenneman, James E Apostolides, Kurt Camilleri, Lorenzo Simonelli, Maria C Borras, Maria C Borras, Michael R Dumais, Neil Saunders, Paul Edward Walker, Rami Qasem, Regina Jones, Sean P Downes, Uwem Ukpong and William G Beattie.
View institutional ownership trends
.

How do I buy shares of Baker Hughes?

Shares of BKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Baker Hughes have any subsidiaries?
The following companies are subsidiares of Baker Hughes: Baker Hughes International Partners Holdings SCS, Avitas Systems, BJ Services Company, BJS Holdings 2 S.à r.l., Baker Hughes Holdings 3 S.à r.l., Baker Hughes Holdings 4 S.à r.l., Baker Hughes Holdings 5 S.à r.l., Baker Hughes Holdings I B.V., Baker Hughes Holdings II B.V., Baker Hughes International Coöperatief U.A., Baker Hughes International Holdings S.à r.l., Baker Hughes International Partners S.à r.l., Baker Hughes Luxembourg Holdings S.C.A., Compact Carbon Capture, JOA Oil & Gas, Luna Energy, Nova Technology Corporation, and US SCS Partner LLC.
Read More
This page (NASDAQ:BKR) was last updated on 11/29/2023 by MarketBeat.com Staff

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