This is What Makes Baker Hughes Company Stocks A Gamechanger?

Currently, Baker Hughes Company [BKR] is trading at $22.97, down -0.22%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BKR shares have lost -5.59% over the last week, with a monthly amount drifted -11.99%, and not seem to be holding up well over a long-time horizon.

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On 16, September 2022, Baker Hughes Announces Date for Third Quarter 2022 Earnings Release and Webcast. In a post published today on Yahoo Finance, Baker Hughes (NASDAQ: BKR) will hold a webcast Wednesday, Oct. 19, 2022, to discuss the results for the third quarter ending Sept. 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time).

From an analyst’s perspective:

Baker Hughes Company [NASDAQ: BKR] stock has seen the most recent analyst activity on April 26, 2022, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $38.30 for it. Previously, Wells Fargo upgraded its rating to Overweight on March 31, 2022, and elevated its price target to $43. On January 21, 2022, Susquehanna reiterated its Positive rating and revised its price target to $33 on the stock. Stephens reiterated its Overweight rating and increased its price target to $35 on January 21, 2022. RBC Capital Mkts reiterated its recommendation of a Outperform and raised its price target to $33 on January 21, 2022. Piper Sandler reiterated a Overweight rating for this stock on January 21, 2022, and upped its price target to $37.50. In a note dated January 21, 2022, Cowen reiterated an Outperform rating on this stock and boosted its target price from $33 to $35.

This stock has fluctuated between a low of $22.30 and a high of $39.78 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $35.11 within the next 12 months. Baker Hughes Company [NASDAQ: BKR] shares were valued at $22.97 at the most recent close of the market. An investor can expect a potential return of 52.85% based on the average price forecast.

Analyzing the BKR fundamentals

Recent quarter sales for Baker Hughes Company [NASDAQ:BKR] were 5.05 billion which represents -1.80% decline. Gross Margin for this corporation currently stands at +22.16% with Operating Margin at +7.72%, Pretax Margin comes in at +2.09%, and Net Margin reading is -1.07%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.69 points at the first support level, and at 22.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.51, and for the 2nd resistance point, it is at 24.05.

Baker Hughes Company [BKR] reported earnings per share of $0.11 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of $-0.11 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.14 per share as compared to estimates of $0.19 per share, a difference of $-0.05 representing a surprise of -26.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Baker Hughes Company [NASDAQ:BKR] is 1.50. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 1.47.

Transactions by insiders

Insider trading has also been a hot topic recently, with 1 insiders purchasing 10,000 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Dumais Michael R, Director, that happened on Jul 21 when 10000.0 shares were purchased. Chairman, President and CEO, Simonelli Lorenzo completed a deal on May 31 to sell 0.1 million shares. Meanwhile, Chairman, President and CEO Simonelli Lorenzo sold 0.1 million shares on May 23.