How Have Baker Hughes Company (BKR) Insiders Been Trading?

Baker Hughes Company (NYSE:BKR) traded with a subtraction of -$1.24 to $24.10 on Wednesday, a downside of -4.87 percent. An average of 7,552,891 shares of common stock have been traded in the last five days. There was a fall of -$0.78 in the past week. The last 20 days have seen an average of 9,927,613 shares traded, while the 50-day average volume stands at 7,724,345.

BKR stock has increased by 9.41% in the last month. The company shares reached their 1-month lowest point of $22.53 on 09/20/21. With the stock rallying to its 52-week high on 05/18/21, shares of the company touched a low of $12.60 and a high of $26.57 in 52 weeks. In spite of this, the price is down -9.28% from the 52-week high.

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Insider Transactions

15 days have passed since Baker Hughes Company (BKR) last reported insider trading activity. Ukpong Uwem, who is EVP, Regions and Alliances, most recently acquired $10,000 shares at $23.12 per share on Sep 21. In this transaction, the insider spent $231,200. EVP, Regions and Alliances, Ukpong Uwem, disposed of 10,000 shares at a price of $23.05 on Sep 07. The insider now owns more than $230,500 worth of shares. Prior to that, EVP, Oilfield Services BORRAS MARIA C went on to Sale 10,000 shares at $23.21 each on Aug 30. An amount of $232,100 was transacted.

Valuation Metrics

Baker Hughes Company (BKR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.51 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Baker Hughes Company’s PE ratio has ranged between 422.88 and 42.41. The stock’s beta is 1.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.27, the price-to-book (PB) ratio at 1.18, and the price-to-cash flow ratio at 53.61.

Financial Health

The quick ratio of Baker Hughes Company for the three months ended June 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.39 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 17.60% against a 5-year average of 18.3%. Baker Hughes Company’s EBITDA margin for the year ending June 29 is 9.61%, while its operating margin for the same period stands at 3.00%. Its gross profit as reported stood at $3.2 billion compared to revenue of $20.7 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Baker Hughes Company’s return on assets was -0.10%, compared to -4.3% over the last five years. In the past year, the return on investment has been -64.70%, and the 5-year average is -7.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been -0.20% and the 5-year average holds at -11.2%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.14 billion in the quarter, while revenues of $4.78 billion were grew 7.9%. The analyst consensus anticipated Baker Hughes Company’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.1, a -37.50% surprise. For the quarter, EBITDA amounted to $472.0 million. Shareholders own equity worth $1.04 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Baker Hughes Company (BKR) price momentum. RSI 9-day as of the close on 05 October was 48.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.70%.

As of today, BKR’s price is $24.99 -3.11% or -$0.78 from its 5-day moving average. BKR is currently trading +6.87% higher than its 20-day SMA and -3.31% lower than its 100-day SMA. However, the stock’s current price level is +17.42% above the SMA50 and +14.64% above the SMA200.

The stochastic %K and %D were 73.45% and 77.97%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 50.81% and the average true range at 0.83, the RSI (14) stands at 52.59%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.62.

Analyst Ratings

The consensus rating for Baker Hughes Company (BKR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BKR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 21 others rate it as a “buy”.

What is BKR’s price target for the next 12 months?

Analysts predict a range of price targets between $21.10 and $36.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for Baker Hughes Company (BKR) stock is $28.25.


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