NASDAQ:BKR

Baker Hughes - BKR Stock Forecast, Price & News

$27.88

-0.50 (-1.76%)

(As of 12/7/2022 12:00 AM ET)

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Today's Range: $27.71
▼
$28.60
50-Day Range: $20.96
▼
$31.02
52-Week Range: $20.42
▼
$39.78

Volume: 8.25 million shs
Average Volume: 10.15 million shs
Market Capitalization: $28.12 billion

P/E Ratio: N/A
Dividend Yield: 2.68%
Price Target: $34.54

Baker Hughes MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 23.9% Upside
$34.54 Price Target
Short Interest: Healthy
1.99% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.21
Based on 9 Articles This Week
Insider Trading: Selling Shares
$8.82 M Sold Last Quarter
Proj. Earnings Growth: 78.49%
From $0.93 to $1.66 Per Share

Overall MarketRank^™

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

2.62 out of 5 stars

Oils/Energy Sector

62nd out of 246 stocks

Oil & Gas Field Machinery Industry

4th out of 12 stocks

3.4

Analyst's Opinion

Consensus Rating
Baker Hughes has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 14 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.54, Baker Hughes has a forecasted upside of 23.9% from its current price of $27.88.
Amount of Analyst Coverage
Baker Hughes has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.99% of the outstanding shares of Baker Hughes have been sold short.
Short Interest Ratio / Days to Cover
Baker Hughes has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Baker Hughes has recently increased by 5.08%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Baker Hughes pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Baker Hughes does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Baker Hughes will have a dividend payout ratio of 45.78% next year. This indicates that Baker Hughes will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BKR.

2.3

News and Social Media Coverage

News Sentiment
Baker Hughes has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Baker Hughes this week, compared to 8 articles on an average week.
Search Interest
Only 8 people have searched for BKR on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
9 people have added Baker Hughes to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Baker Hughes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,816,980.00 in company stock.
Percentage Held by Insiders
Only 0.34% of the stock of Baker Hughes is held by insiders.
Percentage Held by Institutions
96.62% of the stock of Baker Hughes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Baker Hughes are expected to grow by 78.49% in the coming year, from $0.93 to $1.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Baker Hughes is -60.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Baker Hughes is -60.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Baker Hughes has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 and Industrial & Energy Technology. The company offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. It also provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. In addition, the company offers equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. Further, the company provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. Baker Hughes Company serves upstream, midstream, downstream, onshore, offshore, and industrial 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 is based in Houston, Texas.

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BKR Stock News Headlines

December 6, 2022 | marketwatch.com

Baker Hughes, Altus Undertakings May Be Accepted by UK Regulator to Pass Deal

December 6, 2022 | finance.yahoo.com

Transformation, Baker Hughes-style

December 5, 2022 | finance.yahoo.com

Baker Hughes Foundation Contributes $1,000,000 to Historically Black Colleges and Universities

December 3, 2022 | nasdaq.com

U.S. oil & gas rig count holds steady this week - Baker Hughes

December 3, 2022 | msn.com

US Oil Rig Count Unchanged This Week, Baker Hughes Says

November 28, 2022 | finance.yahoo.com

Permian Oil Drilling Rig Count Rises in 7 of Prior 11 Weeks

November 25, 2022 | finance.yahoo.com

Oceaneering International (OII) Up 12.6% Since Last Earnings Report: Can It Continue?

November 24, 2022 | msn.com

US Oil Rig Count Increases by Four, Baker Hughes Says

November 23, 2022 | reuters.com

U.S. drillers add oil and gas rigs for second month in a row - Baker Hughes

November 23, 2022 | seekingalpha.com

Baker Hughes deal for Altus may hurt competition in oil well services, CMA says

November 23, 2022 | marketwatch.com

Baker Hughes's Altus Deal Could Increase Oil, Gas Production Costs, UK Regulator Says

November 22, 2022 | finance.yahoo.com

UK says Baker Hughes-Altus deal may hurt competition in oil well services

November 21, 2022 | 247wallst.com

These Were The Five Best And Worst Performing Energy Stocks In October 2022

November 21, 2022 | finance.yahoo.com

Baker Hughes Foundation Contributes $425,000 to Children's Recreational Therapy Camp in Italy

November 18, 2022 | finance.yahoo.com

Baker Hughes (BKR) Up 15% Since Last Earnings Report: Can It Continue?

November 18, 2022 | msn.com

US Oil Rig Count Increases by One This Week, Baker Hughes Says

November 18, 2022 | benzinga.com

9 Analysts Have This to Say About Baker Hughes

November 17, 2022 | nz.finance.yahoo.com

Technip Energies and Baker Hughes to Collaborate on a 1 to 2 MTPA Range Modularized LNG Solution

November 16, 2022 | finance.yahoo.com

Baker Hughes Announces Date for Fourth Quarter and Full-Year 2022 Earnings Release and Webcast

November 15, 2022 | finance.yahoo.com

Bechtel-Led Coalition To Study Zero Routine Flaring at Egyptian LNG Terminal

November 12, 2022 | msn.com

US Oil Rig Count Increases by Nine This Week, Baker Hughes Says

November 11, 2022 | marketwatch.com

: Baker Hughes data show U.S. total weekly active drilling-rig count up 9 at 779

November 10, 2022 | benzinga.com

Baker Hughes EVP Trades Company's Stock

November 10, 2022 | benzinga.com

Baker Hughes EVP Trades $3.63M In Company Stock

November 4, 2022 | msn.com

US Oil Rig Count Increases by Three This Week, Baker Hughes Says

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BKR Company Calendar

Last Earnings: 10/19/2022
Ex-Dividend for 11/18 Dividend: 11/04/2022
Dividend Payable: 11/18/2022
Today: 12/07/2022
Fiscal Year End: 12/31/2022
Next Earnings (Confirmed): 1/23/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Oil & gas field machinery
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:BKR
CUSIP: N/A
CIK: 1701605
Web: www.bhge.com
Phone: (713) 439-8600
Fax: 713-439-8699
Employees: 54,000
Year Founded: 1987

Price Target and Rating

Average Stock Price Forecast: $34.54
High Stock Price Forecast: $43.00
Low Stock Price Forecast: $29.00
Forecasted Upside/Downside: +23.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.46)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 29.98
P/E Growth: N/A
Net Income: $-219,000,000.00
Net Margins: -2.36%
Pretax Margin: 1.76%
Return on Equity: 4.77%
Return on Assets: 2.18%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.51
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $20.54 billion
Price / Sales: 1.37
Cash Flow: $1.54 per share
Price / Cash Flow: 18.10
Book Value: $16.32 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 1,008,468,000
Free Float: 1,005,039,000
Market Cap: $28.12 billion
Optionable: Optionable
Beta: 1.53

Social Links

Key Executives

Mr. Lorenzo Simonelli (Age 49)
Chairman, Pres & CEO
Comp: $4.79M

Ms. Maria Claudia Borras (Age 53)
Exec. VP of The Oilfield Services & Equipment Segment
Comp: $2.04M

Mr. Roderick Christie (Age 60)
Exec. VP of Industrial & Energy Technology
Comp: $1.85M

Mr. Brian Worrell (Age 46)
Strategic Advisor
Comp: $6.34M

Ms. Nancy K. Buese CPA (Age 52)
Chief Financial Officer

Mr. Kurt Camilleri (Age 47)
Sr. VP, Controller & Chief Accounting Officer

Mr. Jeff Fleece
Chief Information Officer

Mr. Judson Edwin Bailey CFA
VP of Investor Relations

Ms. Regina Bynote Jones (Age 51)
Chief Legal Officer

Ms. Deanna L. Jones (Age 53)
Exec. VP of People, Communications & Transformation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BKR Stock - Frequently Asked Questions

Should I buy or sell Baker Hughes stock right now?: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last twelve months. There are currently 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BKR shares.
View BKR analyst ratings or view top-rated stocks.
What is Baker Hughes' stock price forecast for 2023?: 16 Wall Street analysts have issued 12-month price targets for Baker Hughes' shares. Their BKR share price forecasts range from $29.00 to $43.00. On average, they anticipate the company's stock price to reach $34.54 in the next year. This suggests a possible upside of 23.9% 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 2022?: Baker Hughes' stock was trading at $24.06 at the start of the year. Since then, BKR stock has increased by 15.9% and is now trading at $27.88.
View the best growth stocks for 2022 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 20,050,000 shares, an increase of 5.1% from the October 31st total of 19,080,000 shares. Based on an average daily trading volume, of 9,140,000 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 Monday, January 23rd 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 Monday, January 23rd at 8:30 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 earnings results on Wednesday, October, 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business earned $5.36 billion during the quarter, compared to analyst estimates of $5.43 billion. Baker Hughes had a positive trailing twelve-month return on equity of 4.77% and a negative net margin of 2.36%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS.
How often does Baker Hughes pay dividends? What is the dividend yield for Baker Hughes?: Baker Hughes announced a quarterly dividend on Thursday, October 27th. Investors of record on Monday, November 7th will be given a dividend of $0.19 per share on Friday, November 18th. This represents a $0.76 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, November 4th. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for BKR.

Is Baker Hughes a good dividend stock?: Baker Hughes (NASDAQ:BKR) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.68%.
Read our dividend analysis for BKR.
What is Baker Hughes' stock symbol?: Baker Hughes trades on the NASDAQ under the ticker symbol "BKR."
Who are Baker Hughes' major shareholders?: Baker Hughes' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.84%), BlackRock Inc. (8.39%), State Street Corp (6.61%), General Electric Co. (3.25%), Bank of New York Mellon Corp (1.15%) and Alliancebernstein L.P. (0.91%). Insiders that own company stock include Baker Hughes Holdings Llc, Brian Worrell, Electric Co General, Gregory D Brenneman, 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, William G Beattie 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.
What is Baker Hughes' stock price today?: One share of BKR stock can currently be purchased for approximately $27.88.
How much money does Baker Hughes make?: Baker Hughes (NASDAQ:BKR) has a market capitalization of $28.12 billion and generates $20.54 billion in revenue each year. The company earns $-219,000,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis.
How many employees does Baker Hughes have?: The company employs 54,000 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 12/8/2022 by MarketBeat.com Staff

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