Baker Hughes Company (BKR) Price Targets: What Do They Mean?


As of Wednesday close, Baker Hughes Company’s (NASDAQ:BKR) stock was down -$0.66, moving down -2.24 percent to $28.83. The average number of shares traded per day over the past five days has been 6,864,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.40 fall in that time frame. In the last twenty days, the average volume was 7,524,200, while in the previous 50 days, it was 9,112,704.

Since last month, BKR stock rose 10.46%. Shares of the company fell to $25.74 on 10/25/22, the lowest level in the past month. A 52-week high of $39.78 was reached on 03/24/22 after having rallying from a 52-week low of $20.42. Since the beginning of this year, BKR’s stock price has risen by 19.83% or $4.77, and marked a new high 21 times. However, the stock has declined by -27.53% since its 52-week high.

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BKR stock investors should be aware that Baker Hughes Company (BKR) stock had its last reported insider trading activity 14 days ago on Nov 11. Qasem Rami, the EVP, Digital Solutions of the company, disposed of 72,000 shares for $31.21 on Nov 11. It resulted in a $2,247,120 divestment by the insider. BRENNEMAN GREGORY D sold 85,000 shares at an average price of $31.23 on Nov 11. The insider now owns 16,842 shares following the transaction. On Nov 08, EVP, Oilfield Equipment Saunders Neil sold 118,492 shares at $30.64 apiece. The transaction was valued at $3,630,595.

Valuation Metrics

The stock’s beta is 1.53. Besides these, the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 346.19 may also be considered.

The latest dividend of $0.19 per share was paid out, which is 5.56% more than last year’s $0.18. On Thursday October 27 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended September 29, Baker Hughes Company’s quick ratio stood at 1.10, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.47, and the total debt-to-equity ratio was 0.47. On the profitability front, the trailing twelve-month gross margin is 20.60% percent. In the year ended September 29, operating margins totaled 3.20%. Based on annual data, BKR earned $4.05 billion in gross profit and brought in $20.5 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.90%. Return on equity (ROE) for the past 12 months was -3.20%.

In Baker Hughes Company’s quarter-end financial report for September 29, it reported total debt of $6.61 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BKR’s revenue rose 5.14% to $5.05 billion during the quarter, while net income inched up to $5.37 billion. While analysts expected Baker Hughes Company to report $0.24 quarterly earnings, the actual figure was $0.26 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $524.0 million in EBITDA. The liabilities of Baker Hughes Company were 18.8 billion at the end of its most recent quarter ended September 29, and its total debt was $6.66 billion. The value of shareholders’ equity is $1.01 billion.

Technical Picture

This quick technical analysis looks at Baker Hughes Company’s (BKR) price momentum. With a historical volatility rate of 30.89%, the RSI 9-day stood at 47.90% on 23 November.

With respect to its five-day moving average, the current Baker Hughes Company price is down by -4.63% percent or -$1.40. At present, BKR shares trade +9.08% above its 20-day simple moving average and +2.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.55% above its SMA50 and +5.37% above its SMA200.

Stochastic coefficient K was 36.00% and Stochastic coefficient D was 39.74%, while ATR was 1.10. Given the Stochastic reading of 29.10% for the 14-day period, the RSI (14) reading has been calculated as 52.99%. As of today, the MACD Oscillator reading stands at -0.81, while the 14-day reading stands at -0.93.

Analyst Ratings

Baker Hughes Company downgraded its rating on Baker Hughes Company (NASDAQ: BKR) to an Equal weight in a note to investors on October 26, 2022. The analysts firm previously had an Overweight rating on the stock.Baker Hughes Company (BKR) has been rated Overweight by analysts. According to 0 brokerage firms, BKR is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Baker Hughes Company stock as buy, with 17 recommending it as overweight.

With a median target price of $33.00, the current consensus forecast for the stock is $29.00 – $38.00. Based on these forecasts, analysts predict Baker Hughes Company (BKR) will achieve an average price target of $33.29.


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