During the recent session, Baker Hughes Co (NASDAQ:BKR)’s traded shares were 2.57 million, with the beta value of the company hitting 1.37. At the last check today, the stock’s price was $36.20, reflecting an intraday gain of 4.41% or $1.53. The 52-week high for the BKR share is $39.05, that puts it down -7.87 from that peak though still a striking 21.77% gain since the share price plummeted to a 52-week low of $28.32. The company’s market capitalization is $35.96B, and the average intraday trading volume over the past 10 days was 7.44 million shares, and the average trade volume was 6.23 million shares over the past three months.
Baker Hughes Co (BKR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.66. BKR has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 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 0.61.
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Baker Hughes Co (NASDAQ:BKR) trade information
Baker Hughes Co (BKR) registered a 4.41% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.41% in intraday trading to $36.20, hitting a weekly high. The stock’s 5-day price performance is 8.74%, and it has moved by 5.82% in 30 days. Based on these gigs, the overall price performance for the year is 0.06%. The short interest in Baker Hughes Co (NASDAQ:BKR) is 18.63 million shares and it means that shorts have 3.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $36.5, which implies an increase of 0.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21.1 and $46 respectively. As a result, BKR is trading at a discount of -27.07% off the target high and 41.71% off the low.
Baker Hughes Co (BKR) estimates and forecasts
Statistics show that Baker Hughes Co has outperformed its competitors in share price, compared to the industry in which it operates. Baker Hughes Co (BKR) shares have gone up 8.42% during the last six months, with a year-to-date growth rate more than the industry average at 40.63% against -9.90. In the rating firms’ projections, revenue will increase 10.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.24B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 7.3B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.64B and 6.83B respectively. In this case, analysts expect current quarter sales to grow by 9.00% and then jump by 6.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 33.59%. While earnings are projected to return 41.33% in 2024, the next five years will return 36.55% per annum.
BKR Dividends
Baker Hughes Co is due to release its next quarterly earnings in October. 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 Co is 0.83, with the dividend yield indicating at 2.29 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.08%.
Baker Hughes Co (NASDAQ:BKR)’s Major holders
Baker Hughes Co insiders own 0.12% of total outstanding shares while institutional holders control 98.03%, with the float percentage being 98.14%. VANGUARD GROUP INC is the largest shareholder of the company, while 1161.0 institutions own stock in it. As of 2024-06-30, the company held over 121.45 million shares (or 12.1697% of all shares), a total value of $4.27 billion in shares.
The next largest institutional holding, with 99.86 million shares, is of BLACKROCK INC.’s that is approximately 10.0058% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.51 billion.
