Baker Hughes (BKR) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $39.68 to $40.26
• 50-Day Range: $35.98 to $44.94
• 52-Week Range: $28.32 to $45.17
• Volume: 4.09 million shs
• Average Volume: 7.15 million shs
• Market Capitalization: $39.73 billion
• P/E Ratio: 18.00
• Dividend Yield: 2.09%
• Price Target: $47.00
• Consensus Rating: Moderate Buy

Baker Hughes Stock Analysis - MarketRank™

Baker Hughes scored higher than 84% of companies evaluated by MarketBeat, and ranked 65th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Baker Hughes has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 17 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Baker Hughes has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 12.66%

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 18.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Baker Hughes is 18.00, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.39.

Price to Earnings Growth Ratio

Baker Hughes has a PEG Ratio of 0.72. 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 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.72% 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 increased by 4.24%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Baker Hughes pays a meaningful dividend of 2.08%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.72% 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 increased by 4.24%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.53

News Sentiment

Baker Hughes has a news sentiment score of 0.53. 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 0.64 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Baker Hughes this week, compared to 12 articles on an average week.

Search Interest

Only 22 people have searched for BKR on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

MarketBeat Follows

Only 17 people have added Baker Hughes to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

BKR Stock Analysis - Frequently Asked Questions

How have BKR shares performed this year?

Baker Hughes' stock was trading at $34.18 at the start of the year. Since then, BKR shares have increased by 17.5% and is now trading at $40.15.
View the best growth stocks for 2024 here.

How were Baker Hughes' earnings last quarter?

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

Does Baker Hughes have any subsidiaries?

Baker Hughes subsidiaries include these companies: 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 more.

Who are Baker Hughes' major shareholders?

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.

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.

What other stocks do shareholders of Baker Hughes own?

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: 12/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Oil & gas field machinery
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:BKR
• CUSIP: N/A
• CIK: 1701605
• Web: www.bhge.com
• Phone: (713) 439-8600
• Fax: 713-439-8699
• Employees: 58,000
• Year Founded: 1987

Price Target and Rating

• Average Stock Price Target: $47.00
• High Stock Price Target: $53.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +17.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.23
• Trailing P/E Ratio: 18.00
• Forward P/E Ratio: 17.53
• P/E Growth: 0.72
• Net Income: $1.94 billion
• Net Margins: 8.20%
• Pretax Margin: 10.97%
• Return on Equity: 13.77%
• Return on Assets: 5.86%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 1.30
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $27.30 billion
• Price / Sales: 1.46
• Cash Flow: $2.56 per share
• Price / Cash Flow: 15.69
• Book Value: $15.51 per share
• Price / Book: 2.59

Miscellaneous

• Outstanding Shares: 989,526,000
• Free Float: 987,052,000
• Market Cap: $39.73 billion
• Optionable: Optionable
• Beta: 1.40