In recent trading session, Baker Hughes Company (NYSE:BKR) saw 2,546,189 shares changing hands with its beta currently measuring 1.74. Company’s recent per share price level of $13.36 trading at -$0.09 or -0.63% at recent trade assigns it a market valuation of $13.85 Billion. That current trading price of BKR’s stock is at a discount of -94.54% from its 52-week high price of $25.99 and is indicating a premium of 31.74% from its 52-week low price of $9.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.15 Million shares which gives us an average trading volume of 6.45 Million if we extend that period to 3-months.
For Baker Hughes Company (BKR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 31 analysts covering the stock, none rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 22 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.04 in the current quarter.
Baker Hughes Company (NYSE:BKR) trade information
In the face of being in the red today for losing -0.63%, in the last five days BKR remained trading in the green while hitting it’s week-highest on Wednesday, Oct 14 when the stock touched $13.64- price level, adding 1.69% to its value on the day. Baker Hughes Company’s shares saw a change of -47.68% in year-to-date performance and have moved 1.59% in past 5-day. Baker Hughes Company (NYSE:BKR) showed a performance of -10.66% in past 30-days. Number of shares sold short was 41.37 Million shares which calculate 6.41 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.23 to the stock, which implies a rise of 51.42% to its current value. Analysts have been projecting $16 as a low price target for the stock while placing it at a high target of $26. It follows that stock’s current price would jump +94.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of 19.76% for stock’s current value.
Baker Hughes Company (BKR) estimates and forecasts
Statistics highlight that Baker Hughes Company is scoring comparatively lower than the scores of other players of the relevant industry. The company added +3.22% of value to its shares in past 6 months, showing an annual growth rate of -74.12% while that of industry is -27.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -81% in the current quarter and calculating -59.3% decline in the next quarter. This year revenue growth is estimated to drop -16.1% from the last financial year’s standing.
21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.78 Billion for the same. And 21 analysts are in estimates of company making revenue of $5.13 Billion in the next quarter that will end in December 01, 2020. Company posted $5.88 Billion and $6.35 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -18.8% while estimating it to be -19.2% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -43.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 12% while estimates for its earnings growth in next 5 years are of 3.17%
Baker Hughes Company is more likely to be releasing its next quarterly report between October 21 and October 21, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.48%, the share has a forward dividend of 0.72 which implies that company’s dividend yield remained growing in trailing twelve months.
Baker Hughes Company (NYSE:BKR)’s Major holders
Insiders are in possession of 0.2% of company’s total shares while institution are holding 95.34% percent of that, with stock having share float percentage of 95.53%. Investors also watch the number of corporate investors in a company very closely, which is 753 institutions for Baker Hughes Company that are currently holding shares of the company. General Electric Company is the top institutional holder at BKR for having 377.43 Million shares of worth $5.81 Billion. And as of June 29, 2020, it was holding 57.51% of the company’s outstanding shares.
The second largest institutional holder is Dodge & Cox Inc, which was holding about 90.32 Million shares on June 29, 2020. The number of shares represents firm’s hold over 13.76% of outstanding shares, having a total worth of $1.39 Billion.
On the other hand, Dodge & Cox Stock Fund and Investment Company Of America are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 53919454 shares of worth $829.82 Million or 8.22% of the total outstanding shares. The later fund manager was in possession of 36.57 Million shares on June 29, 2020, making its stake of worth around $562.79 Million in the company or a holder of 5.57% of company’s stock.