In yesterday’s Wall Street session, Baker Hughes Co (NASDAQ:BKR) shares traded at $40.04, down -3.31% from the previous session.
BKR stock price is now -1.46% away from the 50-day moving average and 12.45% away from the 200-day moving average. The market capitalization of the company currently stands at $39.62B.
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On September 25, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $40 to quote $42, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Buese Nancy, EVP & Chief Financial Officer sold 10,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $406,900 at an average price of $40.69. Upon completion of the transaction, the EVP & Chief Financial Officer now directly owns 26,817 shares in the company, valued at $1.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer Buese Nancy bought 10,000 shares of the business’s stock. A total of $405,101 was incurred on buying the stock at an average price of $40.51. A total of 0.11% 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 $45.17. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.30, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $43146612736, which is based on a 17.93 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for BKR is $40.5822 and a two-hundred day moving average price translates $35.55905 for the stock.
The latest earnings results from Baker Hughes Co (NASDAQ: BKR) was released for 2024-09-30. The net profit margin was 8.20% and return on equity was 14.24% for BKR. The company reported revenue of $6.91 billion for the quarter, compared to $6.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.02 percent.
