Baker Hughes Co (NASDAQ:BKR) has a beta value of 1.40 and has seen 6.55 million shares traded in the last trading session. The company, currently valued at $33.25B, closed the last trade at $33.22 per share which meant it gained $0.83 on the day or 2.56% during that session. The BKR stock price is -13.12% off its 52-week high price of $37.58 and 21.37% above the 52-week low of $26.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.35 million shares traded. The 3-month trading volume is 9.06 million shares.
Baker Hughes Co (NASDAQ:BKR) trade information
Sporting 2.56% in the green in last session, the stock has traded in the green over the last five days, when the BKR stock price touched $33.22 or saw a rise of 0.3%. Year-to-date, Baker Hughes Co shares have moved -2.81%, while the 5-day performance has seen it change 5.49%. Over the past 30 days, the shares of Baker Hughes Co (NASDAQ:BKR) have changed 13.96%. Short interest in the company has seen 22.94 million shares shorted with days to cover at 2.17.
Baker Hughes Co (BKR) estimates and forecasts
Figures show that Baker Hughes Co shares have outperformed across the wider relevant industry. The company’s shares have lost -8.89% over the past 6 months, with this year growth rate of 26.88%, compared to 5.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 46.40% and 23.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.90%.
20 analysts offering their estimates for the company have set an average revenue estimate of $6.37 billion for the current quarter. 19 have an estimated revenue figure of $6.72 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $5.72 billion and $6.26 billion respectively for this quarter and the next, and analysts expect sales will grow by 11.50% for the current quarter and 7.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 33.59% over the past 5 years. Earnings growth for 2024 is a modest 29.26% while over the next 5 years, the company’s earnings are expected to increase by 30.20%.
BKR Dividends
Baker Hughes Co is expected to release its next earnings report on April 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 2.41%. The company’s dividend yield has gone up over the past 12 months.
Baker Hughes Co (NASDAQ:BKR)’s Major holders
Insiders own 0.17% of the company shares, while shares held by institutions stand at 97.36% with a share float percentage of 97.52%. Investors are also buoyed by the number of investors in a company, with Baker Hughes Co having a total of 1,166 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 122.88 million shares worth more than $3.88 billion. As of Jun 29, 2023, Vanguard Group Inc held 14.83% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 94.76 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.0 billion and represent 11.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Investment Company Of America and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 4.39% shares in the company for having 36.36 million shares of worth $1.28 billion while later fund manager owns 31.57 million shares of worth $998.0 million as of Jun 29, 2023, which makes it owner of about 3.81% of company’s outstanding stock.
