S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Teladoc Health gaps down to support level after weak guidance
Housing data weakens, but Toll Brothers stock is still a buy

Baker Hughes (BKR) Stock Price, News & Analysis

$29.34
+0.29 (+1.00%)
(As of 02/21/2024 ET)
Today's Range
$29.00
$29.40
50-Day Range
$28.50
$34.78
52-Week Range
$26.12
$37.58
Volume
10.58 million shs
Average Volume
11.44 million shs
Market Capitalization
$29.37 billion
P/E Ratio
15.36
Dividend Yield
2.86%
Price Target
$40.44

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
37.8% Upside
$40.44 Price Target
Short Interest
Healthy
1.91% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Baker Hughes in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.76%
From $2.13 to $2.70 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.

4.95 out of 5 stars

Oils/Energy Sector

7th out of 241 stocks

Oil & Gas Field Machinery Industry

2nd 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

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Meme stocks soared during the early days of the pandemic. Will these stocks form a major meme stock rally or a short-lived farewell tour? Learn more.
Higher prices at the pump? Make up for it in Baker Hughes stock (BKR)
Oil prices could be on the rise soon, at least that's what Goldman and futures traders think. Today, you can prepare yourself by looking at the sector favorite
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Here's Why Baker Hughes (BKR) is a Strong Value Stock
4 Analysts Have This To Say About Baker Hughes
Baker Hughes just downgraded at Wolfe Research, here's why
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 2/23 Dividend
2/12/2024
Today
2/22/2024
Dividend Payable
2/23/2024
Next Earnings (Estimated)
4/17/2024
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
$40.44
High Stock Price Target
$49.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
10.41%

Debt

Sales & Book Value

Annual Sales
$25.51 billion
Cash Flow
$2.72 per share
Book Value
$15.51 per share

Miscellaneous

Outstanding Shares
1,000,880,000
Free Float
998,479,000
Market Cap
$29.37 billion
Optionable
Optionable
Beta
1.43

Social Links

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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 Monday, February 19, 2024 at 7:53 PM.

Pros

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

  • Baker Hughes operates through two segments: Oilfield Services & Equipment and Industrial & Energy Technology, providing a diversified portfolio of technologies and services across the energy and industrial value chain.
  • The company focuses on designing and manufacturing products for onshore and offshore oilfield operations, offering a wide range of services from exploration to decommissioning, catering to various stages of the energy production process.
  • Baker Hughes has been receiving positive analyst ratings, indicating confidence in the company's performance and potential growth in the energy sector.
  • Recent developments in the energy market have increased demand for Baker Hughes' services, potentially leading to revenue growth and improved financial performance.
  • Despite market fluctuations, Baker Hughes has shown resilience and adaptability, positioning itself as a key player in the energy and industrial sectors, which could translate into long-term stability for investors.

Cons

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

  • The energy sector is subject to volatility due to factors like fluctuating oil prices, geopolitical tensions, and regulatory changes, which could impact Baker Hughes' financial performance and stock price.
  • Competition in the energy and industrial sectors is intense, with other companies offering similar technologies and services, potentially limiting Baker Hughes' market share and profitability.
  • Investing in companies tied to the energy industry carries inherent risks related to environmental concerns, regulatory challenges, and shifts in global energy policies, which may affect Baker Hughes' operations and investor sentiment.
  • Market conditions and economic uncertainties can influence the demand for energy-related products and services, posing a risk to Baker Hughes' revenue streams and growth prospects.
  • Fluctuations in global energy consumption patterns and technological advancements could impact the relevance and competitiveness of Baker Hughes' offerings, requiring continuous innovation and adaptation to stay ahead in the market.














BKR Stock Analysis - Frequently Asked Questions

Should I buy or sell Baker Hughes stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last year. There are currently 3 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?

16 analysts have issued 12-month target prices for Baker Hughes' stock. Their BKR share price targets range from $32.00 to $49.00. On average, they anticipate the company's share price to reach $40.44 in the next twelve months. This suggests a possible upside of 37.8% 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 on January 1st, 2024. Since then, BKR stock has decreased by 14.2% and is now trading at $29.34.
View the best growth stocks for 2024 here
.

Are investors shorting Baker Hughes?

Baker Hughes saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 19,080,000 shares, an increase of 14.7% from the January 15th total of 16,640,000 shares. Based on an average daily trading volume, of 8,550,000 shares, the short-interest ratio is currently 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 Wednesday, April 17th 2024.
View our BKR earnings forecast
.

How were Baker Hughes' earnings last quarter?

Baker Hughes (NASDAQ:BKR) posted its quarterly earnings data on Wednesday, January, 24th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The business earned $6.84 billion during the quarter, compared to the consensus estimate of $6.93 billion. Baker Hughes had a trailing twelve-month return on equity of 10.63% and a net margin of 7.62%. The company's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share.

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

Baker Hughes announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.21 per share on Friday, February 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, February 12th. This is an increase from the stock's previous quarterly dividend of $0.20.
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 2.88%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BKR will have a dividend payout ratio of 31.11% 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 FY 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $26.5 billion-$28.5 billion, compared to the consensus revenue estimate of $28.1 billion.

Who are Baker Hughes' major shareholders?

Baker Hughes' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.18%), Capital World Investors (7.38%), Dodge & Cox (4.22%), Capital Research Global Investors (2.77%), FIL Ltd (1.93%) and Norges Bank (1.60%). 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 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.
Read More
This page (NASDAQ:BKR) was last updated on 2/22/2024 by MarketBeat.com Staff