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Baker Hughes (BKR) Stock Price, News & Analysis

$33.15
+0.04 (+0.12%)
(As of 02:33 PM ET)
Today's Range
$33.00
$33.53
50-Day Range
$31.49
$34.31
52-Week Range
$26.96
$37.58
Volume
2.05 million shs
Average Volume
8.19 million shs
Market Capitalization
$33.08 billion
P/E Ratio
18.52
Dividend Yield
2.53%
Price Target
$40.94

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
23.6% Upside
$40.94 Price Target
Short Interest
Healthy
2.13% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Baker Hughes in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$463,800 Sold Last Quarter
Proj. Earnings Growth
25.48%
From $2.08 to $2.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Oils/Energy Sector

41st out of 241 stocks

Oil & Gas Field Machinery Industry

3rd 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. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. 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 provides gas technology equipment, including drivers, driven equipment, flow control, and turnkey solutions for the mechanical-drive, compression, and power-generation applications; and energy sectors, such as oil and gas, LNG operations, petrochemical, and carbon solutions. 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 condition monitoring solutions. 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

3 Trend-Following Entries for Income Investors
The oilfield services industry is in a supercycle that has yet to play out. However, the Q1 results aligned with expectations and failed to spur individual names to new highs.
3 Trend-Following Entries for Income Investors (BKR)
Energy is a hot market, and oilfield services are among the best long-term plays for value-conscious income investors with a buy-and-hold approach.
Q1 2024 NET Power Inc Earnings Call
Oil Rig Count Falls by 5 This Week, Baker Hughes Says
Baker Hughes Hikes Quarterly Dividend
Q1 2024 Baker Hughes Co Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/12/2024
Dividend Payable
2/23/2024
Last Earnings
4/24/2024
Ex-Dividend for 5/16 Dividend
5/03/2024
Dividend Payable
5/16/2024
Today
5/21/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
N/A
Current Symbol
NASDAQ:BKR
Employees
58,000
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$40.94
High Stock Price Target
$49.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+23.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
9.68%

Debt

Sales & Book Value

Annual Sales
$25.51 billion
Cash Flow
$2.69 per share
Book Value
$15.51 per share

Miscellaneous

Free Float
995,503,000
Market Cap
$33.18 billion
Optionable
Optionable
Beta
1.44

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Key Executives


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 3 hold ratings and 12 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 analysts have issued 1 year price objectives for Baker Hughes' stock. Their BKR share price targets range from $36.00 to $49.00. On average, they expect the company's stock price to reach $40.94 in the next year. This suggests a possible upside of 23.6% 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 2024?

Baker Hughes' stock was trading at $34.18 at the beginning of the year. Since then, BKR stock has decreased by 3.1% and is now trading at $33.11.
View the best growth stocks for 2024 here
.

When is Baker Hughes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our BKR earnings forecast
.

How were Baker Hughes' earnings last quarter?

Baker Hughes (NASDAQ:BKR) announced its earnings results on Wednesday, April, 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company earned $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a trailing twelve-month return on equity of 11.42% and a net margin of 6.95%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share.

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

Baker Hughes declared a quarterly dividend on Tuesday, April 23rd. Shareholders of record on Monday, May 6th will be paid a dividend of $0.21 per share on Thursday, May 16th. This represents a $0.84 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, May 3rd.
Read our dividend analysis for BKR
.

Is Baker Hughes a good dividend stock?

Baker Hughes (NASDAQ:BKR) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.51%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKR will have a dividend payout ratio of 32.18% 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 updated its second quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.6 billion-$7.1 billion, compared to the consensus revenue estimate of $7.0 billion.

Who are Baker Hughes' major shareholders?

Baker Hughes' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.07%), Capital World Investors (4.69%), Capital Research Global Investors (1.83%), Price T Rowe Associates Inc. MD (1.74%), Bank of New York Mellon Corp (0.91%) and Van ECK Associates Corp (0.67%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
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This page (NASDAQ:BKR) was last updated on 5/21/2024 by MarketBeat.com Staff

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