Baker Hughes (BKR) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last year. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BKR shares.
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17 brokerages have issued 1-year price targets for Baker Hughes' stock. Their BKR share price forecasts range from $32.00 to $47.00. On average, they anticipate the company's share price to reach $38.44 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
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Baker Hughes' stock was trading at $29.53 at the beginning of the year. Since then, BKR stock has increased by 18.7% and is now trading at $35.06.
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Baker Hughes saw a increase in short interest in August. As of August 31st, there was short interest totaling 15,660,000 shares, an increase of 5.0% from the August 15th total of 14,910,000 shares. Based on an average daily trading volume, of 6,950,000 shares, the short-interest ratio is presently 2.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our BKR earnings forecast.

Baker Hughes will be holding an earnings conference call on Thursday, October 26th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Baker Hughes (NASDAQ:BKR) issued its earnings results on Wednesday, July, 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The company earned $6.32 billion during the quarter, compared to analysts' expectations of $6.27 billion. Baker Hughes had a net margin of 4.94% and a trailing twelve-month return on equity of 9.01%. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS.

Baker Hughes announced a quarterly dividend on Thursday, July 27th. Investors of record on Tuesday, August 8th will be given a dividend of $0.20 per share on Friday, August 18th. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, August 7th. This is a positive change from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for BKR.

ETFs with the largest weight of Baker Hughes (NASDAQ:BKR) stock in their portfolio include iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco Oil & Gas Services ETF (PXJ), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), SPDR S&P Oil & Gas Equipment & Services ETF (XES) and KraneShares Global Carbon Transformation ETF (KGHG).

Baker Hughes (NASDAQ:BKR) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.21%. The dividend payout ratio is 70.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKR will have a dividend payout ratio of 39.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BKR.

Baker Hughes updated its third quarter 2023 earnings guidance on Thursday, September, 7th. The company provided earnings per share 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.

Baker Hughes trades on the NASDAQ under the ticker symbol "BKR."

Baker Hughes' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.39%), Capital Research Global Investors (9.00%), Capital World Investors (7.61%), State Street Corp (6.58%), JPMorgan Chase & Co. (5.21%) and Geode Capital Management LLC (2.20%). 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.
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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.
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One share of BKR stock can currently be purchased for approximately $35.06.

Baker Hughes (NASDAQ:BKR) has a market capitalization of $35.40 billion and generates $21.16 billion in revenue each year. The company earns $-601,000,000.00 in net income (profit) each year or $1.13 on an earnings per share basis.

The company employs 55,000 workers across the globe.

Baker Hughes' mailing address is 17021 ALDINE WESTFIELD, HOUSTON TX, 77073. The official website for the company is www.bhge.com. The company can be reached via phone at (713) 439-8600, via email at investor.relations@bakerhughes.com, or via fax at 713-439-8699.