During the recent session, Baker Hughes Company (NASDAQ:BKR)’s traded shares were 1.18 million, with the beta value of the company hitting 1.47. At the last check today, the stock’s price was $28.10, reflecting an intraday loss of -2.14% or -$0.62. The 52-week high for the BKR share is $38.65, that puts it down -37.54 from that peak though still a striking 27.33% gain since the share price plummeted to a 52-week low of $20.42. The company’s market capitalization is $29.09B, and the average intraday trading volume over the past 10 days was 6.56 million shares, and the average trade volume was 6.91 million shares over the past three months.
Baker Hughes Company (BKR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. BKR has a Sell rating from 0 analyst(s) out of 26 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 19 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.33.
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Baker Hughes Company (NASDAQ:BKR) trade information
Baker Hughes Company (BKR) registered a -2.14% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.14% in intraday trading to $28.10 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -0.27%, and it has moved by -2.28% in 30 days. Based on these gigs, the overall price performance for the year is -22.53%. The short interest in Baker Hughes Company (NASDAQ:BKR) is 14.18 million shares and it means that shorts have 2.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $36.83, which implies an increase of 23.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27.00 and $43.00 respectively. As a result, BKR is trading at a discount of -53.02% off the target high and 3.91% off the low.
Baker Hughes Company (BKR) estimates and forecasts
Statistics show that Baker Hughes Company has outperformed its competitors in share price, compared to the industry in which it operates. Baker Hughes Company (BKR) shares have gone down -4.70% during the last six months, with a year-to-date growth rate more than the industry average at 70.79% against 37.20. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 200.00% this quarter and then jump 53.80% in the quarter after that. In the rating firms’ projections, revenue will increase 19.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $6.27 billion as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to $6.49 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.05 billion and $5.43 billion respectively. In this case, analysts expect current quarter sales to grow by 24.30% and then jump by 19.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.90%. While earnings are projected to return -129.10% in 2023, the next five years will return 43.80% per annum.
Baker Hughes Company is due to release its next quarterly earnings between July 18 and July 24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Baker Hughes Company is 0.76, with the dividend yield indicating at 2.65 percent, continuing the trend of increasing dividends in recent years.
Baker Hughes Company (NASDAQ:BKR)’s Major holders
Baker Hughes Company insiders own 0.15% of total outstanding shares while institutional holders control 98.42%, with the float percentage being 98.57%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,018 institutions own stock in it. As of Mar 30, 2023, the company held over 121.8 million shares (or 14.70% of all shares), a total value of $3.52 billion in shares.
The next largest institutional holding, with 99.95 million shares, is of Capital Research Global Investors’s that is approximately 12.06% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $2.88 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Baker Hughes Company (BKR) shares are Investment Company Of America and Washington Mutual Investors Fund. Data provided on Mar 30, 2023 indicates that Investment Company Of America owns about 50.04 million shares. This amounts to just over 6.04 percent of the company’s overall shares, with a $1.44 billion market value. The same data shows that the other fund manager holds slightly less at 34.88 million, or about 4.21% of the stock, which is worth about $1.01 billion.