In the last trading session, 8,315,482 shares of the Baker Hughes Company (NYSE:BKR) were traded, and its beta was 1.81. Most recently the company’s share price was $21.25, and it changed around -$0.16 or -0.01% from the last close, which brings the market valuation of the company to $22.12 Billion. BKR currently trades at a discount to its 52-week high of $25.64, offering almost -20.66% off that amount. The share price’s 52-week low was $12.01, which indicates that the current value has risen by an impressive 43.48% since then. We note from Baker Hughes Company’s average daily trading volume that its 10-day average is 6.67 Million shares, with the 3-month average coming to 7.59 Million.
Baker Hughes Company stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that none out of 30 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 7 recommended BKR as a Hold, whereas 20 deemed it a Buy, and no one rated it as Underweight. Baker Hughes Company is expected to report earnings per share of $0.11 for the current quarter.
Baker Hughes Company (NYSE:BKR): Trading Information
Although BKR has showed a red trend with a performance of -0.75% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $22.24 on Tuesday, Mar 30 increased the stock’s daily price by 4.45%. The company’s shares are currently up 0.02% year-to-date, but still down -0.0411 over the last five days. On the other hand, Baker Hughes Company (NYSE:BKR) is -0.13% down in the 30-day period. We can see from the shorts that 23.63 Million shares have been sold at a short interest cover period of 3.11 day (s).
The consensus price target as assigned by Wall Street analysts is $26.58, which translates to bears needing to increase their stock price by 25.08% from its current value. Analyst projections state that BKR is forecast to be at a low of $15 and a high of $39. In order for the stock price to hit the forecast high, the stock would need to surge +83.53% from its current level, while the stock would need to crash -29.41% from its current level to reach the projected low.
Baker Hughes Company (BKR) projections and forecasts
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $4.79 Billion in revenue for the current quarter. 19 analysts expect Baker Hughes Company to make $4.95 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $5.42 Billion and $4.8 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.6%. Forecasts for the next quarter put sales growth at 3.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.1%. Baker Hughes Company earnings are expected to increase by 2300% in 2021, but the outlook is positive 3.25% per year for the next five years.
BKR Dividend Yield
Baker Hughes Company’s next quarterly earnings report is expected to be released around April 21, 2021. The annual dividend yield of the stock is 3.31 percent and its annual dividend per share was $0.72. It is important to note, however, that the 3.31% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
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Baker Hughes Company (NYSE:BKR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 4.96% of Baker Hughes Company shares, and 89.98% of them are in the hands of institutional investors. The stock currently has a share float of 94.68%. Baker Hughes Company stock is held by 772 institutions, with General Electric Company being the largest institutional investor. By Dec 30, 2020, it held 45.6% of the shares, which is about 349.44 Million shares worth $7.29 Billion.
Capital World Investors, with 10.76% or 82.43 Million shares worth $1.72 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Investment Company Of America were the top two Mutual Funds as of Dec 30, 2020. The former held 49581327 shares worth $1.03 Billion, making up 6.47% of all outstanding shares. On the other hand, Investment Company Of America held roughly 44.58 Million shares worth around $929.45 Million, which represents about 5.82% of the total shares outstanding.