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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

Baker Hughes (BKR) Stock Price, News & Analysis

$33.50
+0.41 (+1.24%)
(As of 03/28/2024 ET)
Today's Range
$33.12
$33.69
50-Day Range
$28.50
$33.76
52-Week Range
$26.81
$37.58
Volume
13.25 million shs
Average Volume
9.56 million shs
Market Capitalization
$33.53 billion
P/E Ratio
17.54
Dividend Yield
2.51%
Price Target
$41.00

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
22.4% Upside
$41.00 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Baker Hughes in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$294,400 Sold Last Quarter
Proj. Earnings Growth
28.08%
From $2.03 to $2.60 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.

4.58 out of 5 stars

Oils/Energy Sector

15th out of 238 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

[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
BKR Jan 2026 40.000 call
BKR Apr 2024 28.000 call
BKR Oct 2024 33.000 call
BKR Oct 2024 21.000 put
BKR Jan 2026 42.000 put
FANG Jan 2025 167.470 call
Q4 2023 NET Power Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 2/23 Dividend
2/12/2024
Dividend Payable
2/23/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/23/2024
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
$41.00
High Stock Price Target
$49.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
10.41%

Debt

Sales & Book Value

Annual Sales
$25.51 billion
Cash Flow
$2.76 per share
Book Value
$15.51 per share

Miscellaneous

Outstanding Shares
1,000,880,000
Free Float
998,479,000
Market Cap
$33.53 billion
Optionable
Optionable
Beta
1.41

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Key Executives

Should I Buy Baker Hughes Stock? BKR Pros and Cons Explained

Pros

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

  • Baker Hughes has a strong presence in the oil & gas field machinery industry, providing a diverse portfolio of technologies and services to the energy and industrial sectors worldwide.
  • The company operates through distinct segments, Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET), allowing for diversified revenue streams and market exposure.
  • Baker Hughes offers a range of innovative products and services tailored to meet the needs of upstream, midstream, downstream, onshore, offshore, and small and large scale customers, ensuring broad market coverage.
  • Recent developments in the company's technology offerings, such as gas technology equipment, vibration monitoring equipment, and integrated asset performance management products, showcase a commitment to innovation and staying competitive in the market.
  • Investors may find Baker Hughes stock price attractive, considering recent market trends and the company's position within the industry. Understanding stock price movements and trends is crucial for making informed investment decisions.

Cons

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

  • The oil & gas industry is subject to volatility due to factors like fluctuating commodity prices, geopolitical events, and regulatory changes, which can impact Baker Hughes' financial performance and stock value.
  • Global economic conditions and energy demand fluctuations can influence the company's revenue and profitability, posing risks to investors in terms of market uncertainties.
  • Competitive pressures within the industry may affect Baker Hughes' market share and pricing power, potentially impacting its ability to maintain growth and profitability over time.
  • Environmental and sustainability concerns in the energy sector could lead to regulatory challenges and increased operational costs for Baker Hughes, affecting its bottom line and investor confidence.
  • Investors should carefully assess the overall market conditions, industry trends, and company-specific factors before making investment decisions related to Baker Hughes to mitigate risks and optimize returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, March 27, 2024. Please send any questions or comments about these Baker Hughes pros and cons to contact@marketbeat.com.

BKR Stock Analysis - Frequently Asked Questions

Should I buy or sell Baker Hughes stock right now?

15 Wall Street equities research 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 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 target for 2024?

15 analysts have issued 12 month price objectives for Baker Hughes' stock. Their BKR share price targets range from $36.00 to $49.00. On average, they predict the company's stock price to reach $41.00 in the next year. This suggests a possible upside of 22.4% 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 2.0% and is now trading at $33.50.
View the best growth stocks for 2024 here
.

Are investors shorting Baker Hughes?

Baker Hughes saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 24,770,000 shares, an increase of 8.0% from the February 29th total of 22,940,000 shares. Based on an average daily volume of 9,010,000 shares, the days-to-cover ratio is currently 2.7 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 Tuesday, April 23rd 2024.
View our BKR earnings forecast
.

How can I listen to Baker Hughes' earnings call?

Baker Hughes will be holding an earnings conference call on Wednesday, April 24th 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) issued its quarterly earnings results on Wednesday, January, 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm earned $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a net margin of 7.62% and a trailing twelve-month return on equity of 10.63%. Baker Hughes's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 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, February 1st. Investors 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 2.51%. 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 2.56%. 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 32.31% 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 FY 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share (EPS) 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 investors include Vanguard Group Inc. (12.18%), Vanguard Group Inc. (12.18%), Capital World Investors (7.38%), Dodge & Cox (4.22%), Capital Research Global Investors (2.77%) and FIL Ltd (1.93%). 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.
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This page (NASDAQ:BKR) was last updated on 3/29/2024 by MarketBeat.com Staff

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