Reviewing The Case For Baker Hughes Co (BKR) Going Higher

Currently, there are 1.00B common shares owned by the public and among those 999.20M shares have been available to trade.

Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 429,312 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 471,815 shares.

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However, the script later moved the day high at 29.08, down -0.34%. The company’s stock has a 5-day price change of -1.53% and -12.61% over the past three months. BKR shares are trading -15.01% year to date (YTD), with the 12-month market performance down to -9.95% lower. It has a 12-month low price of $26.12 and touched a high of $37.58 over the same period. BKR has an average intraday trading volume of 8.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.56%, -7.72%, and -11.68% respectively.

Institutional ownership of Baker Hughes Co (NASDAQ: BKR) shares accounts for 93.08% of the company’s 1.00B shares outstanding.

It has a market capitalization of $29.08B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 15.18, while the earnings-per-share (ttm) stands at $1.91. The company has a PEG of 0.50 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.98% over the week and 2.48% over the month.

Analysts forecast that Baker Hughes Co (BKR) will achieve an EPS of $Kroger Company (The) for the current quarter, $48.00 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $The Bank of New York Mellon Cor while analysts give the company a high EPS estimate of $Baker Hughes Company. Comparatively, EPS for the current quarter was $KKR & Co. Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 29.78%, and 24.16% over the next financial year. EPS should shrink at an annualized rate of 30.20% over the next five years, compared to 33.59% over the past 5-year period.

TD Cowen coverage for the Baker Hughes Co (BKR) stock in a research note released on January 25, 2024 offered a Outperform rating with a price target of $49. BofA Securities was of a view on July 12, 2023 that the stock is Buy, while CapitalOne gave the stock Overweight rating on June 07, 2023, issuing a price target of $38. UBS on their part issued Neutral rating on April 19, 2023.

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