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Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains

Baker Hughes (BKR) Stock Price, News & Analysis

$32.02
-0.08 (-0.25%)
(As of 04/17/2024 ET)
Today's Range
$31.96
$32.55
50-Day Range
$28.85
$34.31
52-Week Range
$26.81
$37.58
Volume
5.61 million shs
Average Volume
8.86 million shs
Market Capitalization
$32.05 billion
P/E Ratio
16.76
Dividend Yield
2.62%
Price Target
$40.87

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
27.6% Upside
$40.87 Price Target
Short Interest
Healthy
2.52% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Baker Hughes in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$463,800 Sold Last Quarter
Proj. Earnings Growth
26.57%
From $2.07 to $2.62 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.

4.88 out of 5 stars

Oils/Energy Sector

7th out of 223 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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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Baker Hughes (BKR) Set to Announce Earnings on Tuesday
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The Analyst Verdict: Baker Hughes In The Eyes Of 5 Experts
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
4/18/2024
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
$40.87
High Stock Price Target
$49.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+27.6%
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
$2.67 per share
Book Value
$15.51 per share

Miscellaneous

Outstanding Shares
1,000,880,000
Free Float
998,379,000
Market Cap
$32.05 billion
Optionable
Optionable
Beta
1.42

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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 Company provides a diverse portfolio of technologies and services to the energy and industrial sectors globally, offering a wide range of solutions to various clients.
  • The company operates through distinct segments, including Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET), allowing for diversified revenue streams and market exposure.
  • Baker Hughes has a strong focus on innovation and technology, continuously developing new products and solutions to meet the evolving needs of the energy and industrial value chain.
  • Recent financial reports indicate a positive trend in the company's performance, with potential for growth and profitability, making it an attractive investment opportunity.
  • With a competitive stock price in the market, Baker Hughes presents a favorable entry point for investors looking to capitalize on the company's potential growth prospects.

Cons

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

  • Volatility in the oil and gas industry can impact Baker Hughes' financial performance, as the company's operations are closely tied to the fluctuations in commodity prices.
  • Regulatory changes and geopolitical uncertainties in key markets may pose risks to Baker Hughes' operations and profitability, affecting investor confidence.
  • Intense competition within the oilfield services and equipment sector could pressure Baker Hughes' market share and margins, potentially impacting its long-term growth prospects.
  • Environmental concerns and the shift towards renewable energy sources may challenge Baker Hughes' traditional business model, requiring adaptation to changing market dynamics.
  • Global economic conditions and geopolitical tensions could influence the demand for energy services, affecting Baker Hughes' revenue and profitability in the future.
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, April 10, 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 twelve months. 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 Wall Street research analysts have issued 12-month price targets for Baker Hughes' shares. Their BKR share price targets range from $36.00 to $49.00. On average, they predict the company's stock price to reach $40.87 in the next year. This suggests a possible upside of 27.6% 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 at the start of the year. Since then, BKR shares have decreased by 6.3% and is now trading at $32.02.
View the best growth stocks for 2024 here
.

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) announced its earnings results on Wednesday, January, 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm earned $6.84 billion during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS.

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. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.21 per share on Friday, February 23rd. This represents a $0.84 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, February 12th. This is a boost 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 2.59%. The company has been increasing its dividend for 3 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 32.06% 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 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 retail and institutional investors. Top institutional shareholders include Cardano Risk Management B.V. (0.35%), Artemis Investment Management LLP (0.11%), Los Angeles Capital Management LLC (0.11%), Reinhart Partners LLC. (0.04%), Guinness Asset Management LTD (0.03%) and F&V Capital Management LLC (0.02%). 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 4/18/2024 by MarketBeat.com Staff

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