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NASDAQ:BKR

Baker Hughes (BKR) Stock Price, News & Analysis

Baker Hughes logo
$44.25 -0.63 (-1.40%)
(As of 11/22/2024 ET)

About Baker Hughes Stock (NASDAQ:BKR)

Key Stats

Today's Range
$44.11
$44.92
50-Day Range
$33.98
$44.94
52-Week Range
$28.32
$45.17
Volume
7.64 million shs
Average Volume
7.07 million shs
Market Capitalization
$43.79 billion
P/E Ratio
19.84
Dividend Yield
1.90%
Price Target
$44.59
Consensus Rating
Moderate Buy

Company Overview

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.

Baker Hughes Stock Analysis - MarketRank™

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87th Percentile Overall Score

BKR MarketRank™: 

Baker Hughes scored higher than 87% of companies evaluated by MarketBeat, and ranked 49th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Baker Hughes has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 17 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Baker Hughes has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Baker Hughes' stock forecast and price target.
  • Earnings Growth

    Earnings for Baker Hughes are expected to grow by 12.66% in the coming year, from $2.29 to $2.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Baker Hughes is 19.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.68.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Baker Hughes is 19.84, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.54.

  • Price to Earnings Growth Ratio

    Baker Hughes has a PEG Ratio of 0.76. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Baker Hughes has a P/B Ratio of 2.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Baker Hughes' valuation and earnings.
  • Percentage of Shares Shorted

    1.64% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Baker Hughes has recently decreased by 9.92%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Baker Hughes pays a meaningful dividend of 1.87%, 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 Coverage

    The dividend payout ratio of Baker Hughes is 37.67%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Baker Hughes will have a dividend payout ratio of 32.56% next year. This indicates that Baker Hughes will be able to sustain or increase its dividend.

  • Read more about Baker Hughes' dividend.
  • Percentage of Shares Shorted

    1.64% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Baker Hughes has recently decreased by 9.92%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Baker Hughes has a news sentiment score of 0.68. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Baker Hughes this week, compared to 11 articles on an average week.
  • Search Interest

    29 people have searched for BKR on MarketBeat in the last 30 days. This is an increase of 142% compared to the previous 30 days.
  • MarketBeat Follows

    25 people have added Baker Hughes to their MarketBeat watchlist in the last 30 days. This is an increase of 79% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Baker Hughes insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.25% of the stock of Baker Hughes is held by insiders.

  • Percentage Held by Institutions

    92.06% of the stock of Baker Hughes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Baker Hughes' insider trading history.
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BKR Stock News Headlines

Baker Hughes reports U.S. rig count down 1 to 583 rigs
Baker Hughes expands Namibian presence with liquid mud plant
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Analysts Set Expectations for Baker Hughes FY2024 Earnings
See More Headlines

BKR Stock Analysis - Frequently Asked Questions

Baker Hughes' stock was trading at $34.18 on January 1st, 2024. Since then, BKR stock has increased by 29.5% and is now trading at $44.25.
View the best growth stocks for 2024 here
.

Baker Hughes (NASDAQ:BKR) announced its quarterly earnings data on Tuesday, October, 22nd. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The firm's quarterly revenue was up 4.0% compared to the same quarter last year.

The following companies are subsidiaries of Baker Hughes: Compact Carbon Capture, Avitas Systems, JOA Oil & Gas, BJ Services Company, Nova Technology Corporation, Luna Energy, Baker Hughes Holdings 3 S.à r.l., and others.

Baker Hughes' top institutional investors include State Street Corp (6.77%), Geode Capital Management LLC (2.43%), Victory Capital Management Inc. (1.44%) and FMR LLC (1.41%). Insiders that own company stock include Electric Co General, Lorenzo Simonelli, Maria C Borras, Regina Jones, Neil Saunders, Rami Qasem, Michael R Dumais, Gregory D Brenneman, James E Apostolides, William G Beattie, Kurt Camilleri and Uwem Ukpong.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Baker Hughes investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Exxon Mobil (XOM), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
10/22/2024
Ex-Dividend for 11/14 Dividend
11/04/2024
Dividend Payable
11/14/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/28/2025

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Machinery
Current Symbol
NASDAQ:BKR
Employees
58,000
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$44.59
High Stock Price Target
$50.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+0.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
19 Analysts

Profitability

Net Income
$1.94 billion
Pretax Margin
10.97%

Debt

Sales & Book Value

Annual Sales
$27.30 billion
Cash Flow
$2.79 per share
Book Value
$16.52 per share

Miscellaneous

Free Float
987,052,000
Market Cap
$43.79 billion
Optionable
Optionable
Beta
1.38

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This page (NASDAQ:BKR) was last updated on 11/23/2024 by MarketBeat.com Staff
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