In today’s recent session, 1.12 million shares of the Baker Hughes Co (NASDAQ:BKR) have been traded, and its beta is 0.91. Most recently the company’s share price was $39.53, and it changed around -$0.58 or -1.44% from the last close, which brings the market valuation of the company to $39.17B. BKR at last check was trading at a discount to its 52-week high of $49.40, offering almost -24.97% off that amount. The share price’s 52-week low was $32.25, which indicates that the recent value has risen by an impressive 18.42% since then. We note from Baker Hughes Co’s average daily trading volume that its 10-day average is 7.12 million shares, with the 3-month average coming to 7.76 million.
Baker Hughes Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 5 recommended BKR as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Baker Hughes Co is expected to report earnings per share of 0.55 for the current quarter.
Baker Hughes Co (NASDAQ:BKR) trade information
Instantly BKR has been showing red trend so far today with a performance of -1.44% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 40.52 on recent trading dayincreased the stock’s daily price by 2.44%. The company’s shares are currently up 15.52% year-to-date, but still up 2.18% over the last five days. On the other hand, Baker Hughes Co (NASDAQ:BKR) is 4.31% up in the 30-day period. We can see from the shorts that 23.69 million shares have been sold at a short interest cover period of 3.56 day(s).
The consensus price target as assigned by Wall Street analysts is $51, which translates to bulls needing to increase their stock price by 22.49% from its current value. Analyst projections state that BKR is forecast to be at a low of $50 and a high of $52.
Baker Hughes Co (BKR) estimates and forecasts
The year-over-year growth rate is expected to be -3.09%, down from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 6.64B in revenue for the current quarter. 19 analysts expect Baker Hughes Co to make 6.79B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.14B and 6.91B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.01%. Forecasts for the next quarter put sales growth at -1.77%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 66.90%. Baker Hughes Co earnings are expected to increase by 0.33% in 2025, but the outlook is positive 8.18% per year for the next five years.
BKR Dividends
Baker Hughes Co’s next quarterly earnings report is expected to be released on 2025-Apr-22. The annual dividend yield of the stock is 2.23 percent and its annual dividend per share was 0.88. It is important to note, however, that the 2.23% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.75 per year.
Baker Hughes Co (NASDAQ:BKR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.15% of Baker Hughes Co shares, and 100.94% of them are in the hands of institutional investors. The stock currently has a share float of 101.09%. Baker Hughes Co stock is held by 1387.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.1941% of the shares, which is about 121.45 million shares worth $4.27 billion.
BLACKROCK INC., with 10.0259% or 99.86 million shares worth $3.51 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Funds-Dodge & Cox Stock Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 32.96 shares worth $1.3 billion, making up 3.98% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 31.29 shares worth around $1.23 billion, which represents about 3.78% of the total shares outstanding.
