In the last trading session, 4.67 million Baker Hughes Company (NYSE:BKR) shares changed hands as the company’s beta touched 1.75. With the company’s per share price at $23.89 changed hands at $0.05 or 0.21% during last session, the market valuation stood at $26.32B. BKR’s last price was a discount, traded about -11.22% off its 52-week high of $26.57. The share price had its 52-week low at $12.13, which suggests the last value was 49.23% up since then. When we look at Baker Hughes Company’s average trading volume, we note the 10-day average is 9.3 million shares, with the 3-month average coming to 9.15 million.
Analysts gave the Baker Hughes Company (BKR) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 3 recommended BKR as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Baker Hughes Company’s EPS for the current quarter is expected to be $0.16.
Baker Hughes Company (NYSE:BKR) trade information
Instantly BKR was in green as seen at the end of in last trading. With action -4.25%, the performance over the past five days has been red. The jump to weekly highs of 25.11 on Tuesday, 06/22/21 added 0.21% to the stock’s daily price. The company’s shares are showing year-to-date upside of 14.58%, with the 5-day performance at -4.25% in the red. However, in the 30-day time frame, Baker Hughes Company (NYSE:BKR) is -6.46% down. Looking at the short shares, we see there were 44.42 million shares sold at short interest cover period of 5.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is $27.70, meaning bulls need an upside of 13.75% from its current market value. According to analyst projections, BKR’s forecast low is $15.00 with $38.00 as the target high. To hit the forecast high, the stock’s price needs a -59.06% plunge from its current level, while the stock would need to tank 37.21% for it to hit the projected low.
Baker Hughes Company (BKR) estimates and forecasts
Data shows that the Baker Hughes Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.85% over the past 6 months, a 28.81% in annual growth rate that is considerably lower than the industry average of 31.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Baker Hughes Company will rise 420.00%, while the growth in revenue is estimated to hit 400.00% for the next quarter. Year-over-year growth is forecast to reach -0.50% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $4.95 billion. 17 analysts are of the opinion that Baker Hughes Company’s revenue for the quarter ending Sep 2021 will be $5.2 billion. The company’s revenue for the corresponding quarters a year ago was $4.8 billion and $5.05 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.10%. The estimates for the next quarter sales put growth at 3.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.10%. The 2021 estimates are for Baker Hughes Company earnings to increase by 2500.00%.
Baker Hughes Company is expected to release its next quarterly earnings report in July. The 3.01% annual yield figure for the share gives it an annual dividend of 0.72. It is important to note, however, that the 3.01% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Baker Hughes Company (NYSE:BKR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.92% of Baker Hughes Company shares while 89.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.89%. There are 89.28% institutions holding the Baker Hughes Company stock share, with General Electric Company the top institutional holder. As of Dec 30, 2020, the company held 45.16% of the shares, roughly 349.44 million BKR shares worth $7.29 billion.
Capital World Investors holds the second largest percentage of outstanding shares, with 10.65% or 82.43 million shares worth $1.72 billion as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Dodge & Cox Stock Fund and Investment Company Of America. With 49.58 million shares estimated at $1.03 billion under it, the former controlled 6.41% of total outstanding shares. On the other hand, Investment Company Of America held about 5.93% of the shares, roughly 45.92 million shares worth around $992.4 million.