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Monday, January 30, 2023

Searching For Real Value In Market Debris At Baker Hughes Company (NASDAQ: BKR)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Baker Hughes Company (BKR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 0.31%, to $29.35. The Baker Hughes Company has recorded 279,107 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Baker Hughes Foundation Contributes $425,000 to Children’s Recreational Therapy Camp in Italy.


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Stocks Info

As a NASDAQ listed company, BKR falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $29.26 and fluctuated between $29.96 as its day high and $29.07 as its day low. The current market capitalization of Baker Hughes Company is $30.18B. A total of 5.72 million shares were traded on the day, compared to an average of 9.21M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BKR has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 118,492 and the disposition of 275,492 shares. Over the last 12 months, there were 50 BUYs and 42 SELLs from insiders. Insiders purchased 77,337,320 shares during that period but sold 123,239,730.

In the most recent transaction, Qasem Rami sold 72,000 shares of BKR for 31.21 per share on Nov 11. After the transaction, the EVP, Digital Solutions now owns 32,523 company shares. In a previous transaction on Nov 11, BRENNEMAN GREGORY D sold 85,000 shares at 31.23 per share. BKR shares that Director owns now total 16,842.

Among the insiders who sold shares, Saunders Neil disposed of 118,492 shares on Nov 08 at a per-share price of $30.64. This resulted in the EVP, Oilfield Equipment holding 54,417 shares of BKR after the transaction. In another insider transaction, Dumais Michael R bought 10,000 shares at $24.39 per share on Jul 21. Company shares held by the Director now total 24,977.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. BKR’s most recent ex-dividend date was 11/4/2022 when it declared a $0.19 quarterly dividend that was paid in cash on 11/18/2022. Previously, the company paid the dividend on 8/19/2022 with an ex-dividend date of 8/8/2022. The BKR stock dividend was $0.18 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BKR in the last 3 months, the mean price target is $33.47 with high estimates of $38.00 and low estimates of $29.00. In terms of 52-week highs and lows, BKR has a high of $39.78 and a low of $20.42.

As of this writing, BKR has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.32. The company reported an EPS of $0.11 in the last quarter, which was -50.00% lower than expectations of $0.22.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BKR is Sell with a score of 4.53. A total of 17 analysts rated the stock as Buy while 2 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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