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Baker Hughes Company (NASDAQ:BKR) Up 3.40% Over The Past 30 Days: Any Troubles Ahead?

In last trading session, Baker Hughes Company (NASDAQ:BKR) saw 12.2 million shares changing hands with its beta currently measuring 1.51. Company’s recent per share price level of $36.16 trading at -$0.52 or -1.42% at ring of the bell on the day assigns it a market valuation of $36.76B. That closing price of BKR’s stock is at a discount of -3.93% from its 52-week high price of $37.58 and is indicating a premium of 43.53% from its 52-week low price of $20.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.09 million shares which gives us an average trading volume of 7.00 million if we extend that period to 3-months.

For Baker Hughes Company (BKR), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 19 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.4 in the current quarter.

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Baker Hughes Company (NASDAQ:BKR) trade information

Upright in the red during last session for losing -1.42%, in the last five days BKR remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $36.16 price level, adding 3.7% to its value on the day. Baker Hughes Company’s shares saw a change of 22.45% in year-to-date performance and have moved -2.14% in past 5-day. Baker Hughes Company (NASDAQ:BKR) showed a performance of 3.40% in past 30-days. Number of shares sold short was 15.66 million shares which calculate 2.96 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $40.04 to the stock, which implies a rise of 9.69% to its current value. Analysts have been projecting $30.00 as a low price target for the stock while placing it at a high target of $47.00. It follows that stock’s current price would drop -29.98% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.04% for stock’s current value.

Baker Hughes Company (BKR) estimates and forecasts

Statistics highlight that Baker Hughes Company is scoring comparatively higher than the scores of other players of the relevant industry. The company added 32.45% of value to its shares in past 6 months, showing an annual growth rate of 73.03% while that of industry is 19.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 53.80% in the current quarter and calculating 26.30% increase in the next quarter. This year revenue growth is estimated to rise 20.40% from the last financial year’s standing.

18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.53 billion for the same. And 18 analysts are in estimates of company making revenue of $6.92 billion in the next quarter that will end on Dec 2023. Company posted $5.43 billion and $5.91 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 20.20% while estimating it to be 17.20% 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 -4.90% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -129.10% while estimates for its earnings growth in next 5 years are of 43.30%.

BKR Dividends

Baker Hughes Company is more likely to be releasing its next quarterly report on October 25 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.

Baker Hughes Company (NASDAQ:BKR)’s Major holders

On Key

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