In yesterday’s Wall Street session, Baker Hughes Co (NASDAQ:BKR) shares traded at $32.93, down -0.12% from the previous session.
BKR stock price is now 1.48% away from the 50-day moving average and 0.09% away from the 200-day moving average. The market capitalization of the company currently stands at $32.86B.
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On January 25, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $46 to quote $49, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, BORRAS MARIA C, EVP, Oilfield Services & Equip sold 55,980 shares of the company’s stock on May 24 ’24. The stock was sold for $1,791,360 at an average price of $32.00. Upon completion of the transaction, the EVP, Oilfield Services & Equip now directly owns 92,035 shares in the company, valued at $3.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 05 ’24, SVP, Enterprise Op Excellence Apostolides James E sold 5,000 shares of the business’s stock. A total of $169,400 was realized by selling the stock at an average price of $33.88. This leaves the insider owning 14,998 shares of the company worth $0.49 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $28.32 and a high of $37.58. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.25, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $36312064000, which is based on a 18.28 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for BKR is $32.424 and a two-hundred day moving average price translates $32.8787 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for 2024-03-31. The net profit margin was 6.95% and return on equity was 12.10% for BKR. The company reported revenue of $6.42 billion for the quarter, compared to $5.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.28 percent.
