Baker Hughes Company [BKR] shares are down more than -41.03% this year and recently increased 0.02% or $0.29 to settle at $13.15. Analysts expect BKR to grow earnings at a 3.17% annual rate over the next 5 years. BKR has a short ratio of 6.64. This implies that the market is currently less bullish on the outlook for BKR.

On 29, September 2020, Baker Hughes Announces Major LNG Turbomachinery Order from Qatar Petroleum for the North Field East (NFE) Project. According to news published on Yahoo Finance, Order for main refrigerant compressors (MRCs) consists of 12 gas turbines and 24 centrifugal compressors, as part of four additional LNG “mega trains” .

Analyst Birdseye View:

The most recent analyst activity for Baker Hughes Company [NYSE:BKR] stock was on October 02, 2020, when it was Initiated with a Market perform rating from BMO Capital Markets, which also raised its 12-month price target on the stock to $16. Before that, on October 12, 2020, Exane BNP Paribas Recapitulated an Outperform rating and elevated its amount target to $18. On July 16, 2020, Scotiabank Downgrade a Sector perform rating. On June 19, 2020, Cowen Reiterated an Outperform rating and increased its price target from $19 to $21. On May 29, 2020, Northland Capital Initiated a Market perform rating and increased its price target to $17. On March 31, 2020, Argus Downgrade a Hold rating. On March 26, 2020, Tudor Pickering Upgrade a Buy rating and boosted its target amount on this stock to $20. On March 10, 2020 JP Morgan Upgrade an Overweight rating and elevated its amount target to $18.

In the past 52 weeks of trading, this stock has oscillated between a low of $9.12 and a peak of $25.99. Right now, according to Wall Street analyst the average 12-month amount target is $20.23. At the most recent market close, shares of Baker Hughes Company [NYSE:BKR] were valued at $13.15. According to the average price forecast, investors can expect a potential return of -1.95%.

FUNDAMENTAL ANALYSIS

Baker Hughes Company [NYSE:BKR] most recently reported quarterly sales of 4.74 billion, which represented growth of -21.00%. This publicly-traded organization’s revenue is $350,559 per employee, while its income is $1,882 per employee. This company’s Gross Margin is currently 17.10%, its Operating Margin is -69.20%, its Pretax Margin is +3.16, and its Net Margin is +0.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.24, 0.65, 3.86 and 0.49 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 25.39 and the whole liability to whole assets at 13.99. It shows enduring liability to the whole principal at 23.62 and enduring liability to assets at 0.13 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 12.76 points at 1st support level, the second support level is making up to 12.37. But as of 1st resistance point, this stock is sitting at 13.59 and at 14.03 for 2nd resistance point.

Baker Hughes Company [BKR] reported its earnings at -$0.05 per share in the fiscal quarter closing of 6/29/2020. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.11 calling estimates for $0.11/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Baker Hughes Company [NYSE:BKR] is 1.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.32. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.60 and it’s amount to book ratio is 0.76.

Insider Stories

The most recent insider trade was by Simonelli Lorenzo, Chairman, President and CEO, and it was the purchase of 71275.0 shares on Sep 02. Beattie William G, the Director, completed a purchase of 5000.0 shares on Feb 26. On Feb 26, Worrell Brian, Chief Financial Officer, completed a purchase of 3000.0 shares.