S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
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In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities

Baker Hughes (BKR) Stock Forecast, Price & News

$35.32
-1.27 (-3.47%)
(As of 09/29/2023 ET)
Compare
Today's Range
$35.18
$36.60
50-Day Range
$34.66
$37.22
52-Week Range
$20.84
$37.58
Volume
8.09 million shs
Average Volume
7.07 million shs
Market Capitalization
$35.66 billion
P/E Ratio
31.26
Dividend Yield
2.27%
Price Target
$38.44

Baker Hughes MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
8.8% Upside
$38.44 Price Target
Short Interest
Healthy
1.68% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Baker Hughes in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$5.78 M Sold Last Quarter
Proj. Earnings Growth
31.17%
From $1.54 to $2.02 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Oils/Energy Sector

48th out of 248 stocks

Oil & Gas Field Machinery Industry

2nd out of 12 stocks


BKR stock logo

About Baker Hughes (NASDAQ:BKR) Stock

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 Price History

BKR Stock News Headlines

Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise (BKR)
Baker Hughes, Pioneer Resources, and Diamondback Energy lead the energy sector uptrend. Production cuts from Saudi Arabia and Russia are pushing up oil prices.
Bank Collapse Causes Gold Prices to Soar
Silicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out.
US Oil Production Nears Record as Texas Shale Output Soars
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Are Stocks in a Secular Bull or Bear Market Right Now?
US natgas prices up 2% to two-week high on daily output drop
Baker Hughes, Pioneer, Diamondback: Energy stocks
Piper Sandler Reaffirms Their Buy Rating on Baker Hughes Company (BKR)
Baker (BKR) and Venture Global Join Hands for LNG Expansion
Rig Count Sees Small Gain As WTI Holds At $87
See More Headlines
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BKR Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 8/18 Dividend
8/07/2023
Dividend Payable
8/18/2023
Today
9/30/2023
Next Earnings (Confirmed)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$38.44
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
17 Analysts

Profitability

Net Income
$-601,000,000.00
Pretax Margin
8.00%

Debt

Sales & Book Value

Annual Sales
$23.30 billion
Cash Flow
$1.90 per share
Book Value
$14.44 per share

Miscellaneous

Outstanding Shares
1,009,654,000
Free Float
1,007,231,000
Market Cap
$35.66 billion
Optionable
Optionable
Beta
1.52

Social Links

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Key Executives

  • Mr. Lorenzo SimonelliMr. Lorenzo Simonelli (Age 50)
    Chairman, Pres & CEO
    Comp: $4.04M
  • Ms. Nancy K. Buese CPA (Age 53)
    Chief Financial Officer
    Comp: $2.14M
  • Ms. Maria Claudia Borras (Age 54)
    Exec. VP of Oilfield Services & Equipment
    Comp: $1.87M
  • Mr. Larry Brian Worrell (Age 47)
    Strategic Advisor
    Comp: $2.61M
  • Ms. Rebecca Charlton (Age 45)
    Sr. VP, Controller & Chief Accounting Officer
  • Mr. Jeff Fleece
    Chief Information Officer
  • Mr. Judson Edwin Bailey CFA
    VP of Investor Relations
  • Ms. Deanna L. Jones (Age 54)
    Exec. VP of People, Communications & Transformation
  • Mr. Neeraj Sethi
    Director of Sales & Commercial - OFS
  • Mr. Kurt CamilleriMr. Kurt Camilleri (Age 48)
    Exec. Officer













BKR Stock - Frequently Asked Questions

Should I buy or sell Baker Hughes stock right now?

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

What is Baker Hughes' stock price forecast for 2023?

17 Wall Street research analysts have issued 1-year target prices for Baker Hughes' shares. 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 8.8% 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 2023?

Baker Hughes' stock was trading at $29.53 at the beginning of the year. Since then, BKR stock has increased by 19.6% and is now trading at $35.32.
View the best growth stocks for 2023 here
.

Are investors shorting Baker Hughes?

Baker Hughes saw a increase in short interest in September. As of September 15th, there was short interest totaling 16,990,000 shares, an increase of 8.5% from the August 31st total of 15,660,000 shares. Based on an average daily volume of 6,960,000 shares, the short-interest ratio is presently 2.4 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, October 25th 2023.
View our BKR earnings forecast
.

How can I listen to Baker Hughes' earnings call?

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.

How were Baker Hughes' earnings last quarter?

Baker Hughes (NASDAQ:BKR) posted its quarterly earnings results on Wednesday, July, 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The company had revenue of $6.32 billion for the quarter, compared to analysts' expectations of $6.27 billion. Baker Hughes had a trailing twelve-month return on equity of 9.01% and a net margin of 4.94%. The business's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted $0.11 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 Thursday, July 27th. Shareholders 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 2.27%. The ex-dividend date is Monday, August 7th. This is an increase from the stock's previous quarterly dividend of $0.19.
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 2.24%. 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.

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.

What is Baker Hughes' stock symbol?

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

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.

What is Baker Hughes' stock price today?

One share of BKR stock can currently be purchased for approximately $35.32.

How much money does Baker Hughes make?

Baker Hughes (NASDAQ:BKR) has a market capitalization of $35.66 billion and generates $23.30 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.

How many employees does Baker Hughes have?

The company employs 55,000 workers across the globe.

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
How can I contact Baker Hughes?

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.

This page (NASDAQ:BKR) was last updated on 9/30/2023 by MarketBeat.com Staff

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