The stock of Baker Hughes Company (NASDAQ:BKR) increased by $0.61 on Monday to finish at $36.00, up 1.72 percent. The last five days have seen an average of 4,250,080 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $6.47. The average number of shares traded over the last 20 days was 4,894,015, while the average volume over the last 50 days totaled 6,791,162.
BKR stock appreciated 1.64% since last month. On 08/18/23, the company’s shares reached a one-month low of $34.53. The stock touched a high of $36.48 on 08/09/23, after rallying from a low of $20.42 in 52 weeks. The price of BKR stock has risen by 21.91% or $6.47 this year, reaching a new high 21 times. Still, the stock price is down -1.32% from the 52-week high.
Insider Transactions
BKR stock investors should be aware that Baker Hughes Company (BKR) stock had its last reported insider trading activity 5 days ago on Aug 24. On Aug 24, Chief Legal Officer Jones Regina sold 10,000 shares at $35.19 each. This transaction resulted in the insider making $351,900. On Aug 08, Simonelli Lorenzo sold 122,500 shares at a price of US$34.80. After the transaction, the insider now owns 467,438 shares. Chairman, President and CEO Simonelli Lorenzo had earlier sold 122,500 shares on Aug 01 for $35.49 a share. The transaction was completed for $4,347,525.
Valuation Metrics
Baker Hughes Company (BKR) has a trailing price-to-earnings (P/E) ratio of 31.72. Beta for the stock is 1.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 2.40, and the price-to-cash flow ratio of 20.88.
Company paid $0.20 per share in dividends, an increase of 5.26% from $0.19 last year. A $0.01 dividend increase was reported on Thursday July 27 2023.
Financial Health
For the three months ended June 29, Baker Hughes Company’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.39, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 21.30% percent. Baker Hughes Company’s EBITDA margin for the year ended June 29 was 13.78%, whereas its operating margin stood at 8.00% for the same period. Based on annual data, it had gross profit of $4.4 billion and revenue of $21.16 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BKR’s return on assets (ROA) during the last 12 months has been 3.30%. There was a 0.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.
Earnings Surprise
According to Baker Hughes Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.32 billion, while revenues rose by 20.08% to $5.72 billion. It was predicted that Baker Hughes Company’s quarterly earnings would be $0.39, but it ended up being $0.33, beating the consensus by 18.20%. EBITDA was $790.0 million for the quarter. At the end of Baker Hughes Company’s most recent quarter ended June 29, its liabilities totaled 20.83 billion, while its total debt was $6.71 billion. Equity owned by shareholders amounts to $1.01 billion.
Technical Picture
Here’s a quick look at Baker Hughes Company’s (BKR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 65.26%, suggesting the stock is Neutral, with a 12.15% historical volatility rate.
The stochastic %K and %D were 51.79% and 44.44% respectively, while the average true range (ATR) was 0.70. Based on the 14-day stochastic reading of 75.38%, the RSI (14) reading is 63.00%. On the 9-day MACD Oscillator, the stock is at 0.27, and the 14-day reading is at 0.20.
Analyst Ratings
Analysts have assigned Baker Hughes Company (BKR) an Overweight rating. BKR is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 19 others recommend it as a buy.
What is BKR’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $44.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for Baker Hughes Company (BKR) is $39.88.
