A share price of Baker Hughes Co [BKR] is currently trading at $31.30, up 2.29%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKR shares have gain 6.35% over the last week, with a monthly amount glided 6.75%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras. In a post published today on Yahoo Finance, Company to provide well construction services in Buzios field offshore Brazil.
From an analyst’s perspective:
Baker Hughes Co [NASDAQ: BKR] stock has seen the most recent analyst activity on January 29, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, TD Cowen reaffirmed its Outperform rating on January 25, 2024, and elevated its price target to $49. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $38 on June 07, 2023. UBS initiated its recommendation with a Neutral and recommended $31 as its price target on April 19, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 15, 2023, but kept the price target unchanged to $32. In a note dated February 16, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $34 to $43.
Baker Hughes Co experienced fluctuations in its stock price throughout the past year between $26.12 and $37.58. Currently, Wall Street analysts expect the stock to reach $35.48 within the next 12 months. Baker Hughes Co [NASDAQ: BKR] shares were valued at $31.30 at the most recent close of the market. An investor can expect a potential return of 13.35% based on the average BKR price forecast.
Analyzing the BKR fundamentals
Trailing Twelve Months sales for Baker Hughes Co [NASDAQ:BKR] were 25.51B which represents 15.75% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 30.75 points at the first support level, and at 30.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.62, and for the 2nd resistance point, it is at 31.94.
Baker Hughes Co [BKR] reported earnings per share of $0.51 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.03 and a surprise factor of 6.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.42 per share as compared to estimates of $0.4 per share, a difference of $0.02 representing a surprise of 5.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baker Hughes Co [NASDAQ:BKR] is 1.25. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 16.35.
Transactions by insiders
Recent insider trading involved Apostolides James E, SVP, Enterprise Op Excellence, that happened on Mar 05 ’24 when 10000.0 shares were sold. EVP, Oilfield Services & Equip, BORRAS MARIA C completed a deal on Dec 04 ’23 to sell 10000.0 shares. Meanwhile, EVP, Oilfield Services & Equip BORRAS MARIA C sold 10000.0 shares on Nov 01 ’23.
