S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Baker Hughes (BKR) Stock Price, News & Analysis

$33.09
+0.26 (+0.79%)
(As of 03/27/2024 ET)
Today's Range
$32.68
$33.22
50-Day Range
$28.50
$33.76
52-Week Range
$26.81
$37.58
Volume
9.35 million shs
Average Volume
8.00 million shs
Market Capitalization
$33.12 billion
P/E Ratio
17.32
Dividend Yield
2.54%
Price Target
$41.00

Baker Hughes MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
23.9% 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
0.15mentions of Baker Hughes in the last 14 days
Based on 23 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.

4.74 out of 5 stars

Oils/Energy Sector

16th out of 241 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

The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
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
Baker Hughes Could Be This Year's Turnaround Play
See More Headlines
Receive BKR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Baker Hughes and its competitors with MarketBeat's FREE daily newsletter.

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
+23.9%
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
$2.69 per share
Book Value
$15.51 per share

Miscellaneous

Outstanding Shares
1,000,880,000
Free Float
998,479,000
Market Cap
$33.12 billion
Optionable
Optionable
Beta
1.41

Social Links

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

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 Sunday, March 24, 2024 at 3:07 PM.

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 globally.
  • 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 integrated well services and solutions, catering to various oil and natural gas companies, engineering contractors, and other industry players, showcasing a broad customer base.
  • With a focus on energy technology equipment and solutions, Baker Hughes serves a wide range of customers in upstream, midstream, downstream, onshore, offshore, and small to large scale operations, indicating a broad market reach.
  • Investors may find Baker Hughes stock price attractive for potential growth opportunities, especially considering recent market trends and the company's strategic positioning within the industry.

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 sector is susceptible to fluctuations in commodity prices and global demand.
  • Regulatory changes and environmental concerns may pose challenges to Baker Hughes' operations, potentially affecting the company's profitability and market positioning.
  • Competitive pressures within the oilfield services and energy technology sectors could impact Baker Hughes' market share and margins, leading to intensified industry rivalry.
  • Global economic conditions and geopolitical factors may influence the demand for Baker Hughes' products and services, affecting the company's revenue growth and market expansion.
  • Investors should carefully assess market risks and industry dynamics before considering investment in Baker Hughes, ensuring a thorough understanding of the company's competitive landscape and growth prospects.

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 equities research analysts have issued twelve-month price targets for Baker Hughes' stock. Their BKR share price targets range from $36.00 to $49.00. On average, they predict the company's share price to reach $41.00 in the next twelve months. 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 2024?

Baker Hughes' stock was trading at $34.18 at the start of the year. Since then, BKR stock has decreased by 3.2% and is now trading at $33.09.
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 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 short-interest ratio is presently 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) posted its 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 business had revenue of $6.84 billion for 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 quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last 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. 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 annualized dividend and a dividend yield of 2.54%. The ex-dividend date 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 2.52%. 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 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 retail and institutional 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.
Read More
This page (NASDAQ:BKR) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners