Stocks of Baker Hughes Co (NASDAQ:BKR) traded higher last session on Wall Street, up 0.04% to $46.91.
BKR stock price is now 6.57% away from the 50-day moving average and 23.37% away from the 200-day moving average. The market capitalization of the company currently stands at $46.45B.
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With the price target of $53, Piper Sandler recently initiated with Overweight rating for Baker Hughes Co (NASDAQ: BKR). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Apostolides James E, SVP, Enterprise Op Excellence sold 7,681 shares of the company’s stock on Feb 12 ’25. The stock was sold for $358,319 at an average price of $46.65. Upon completion of the transaction, the SVP, Enterprise Op Excellence now directly owns 19,596 shares in the company, valued at $0.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Officer Apostolides James E bought 7,681 shares of the business’s stock. A total of $358,319 was incurred on buying the stock at an average price of $46.65. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, Baker Hughes Co has had a low of $28.66 and a high of $49.40. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.32, and a quick ratio of 0.94.
The net profit margin was 10.70% and return on equity was 18.47% for BKR. The company reported revenue of $7.36 billion for the quarter, compared to $6.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.76 percent.
