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Friday, September 29, 2023

Baker Hughes Company (NASDAQ: BKR) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Baker Hughes Company (BKR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $37.20. The Baker Hughes Company has recorded 855,548 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Baker Hughes Announces Date for Third Quarter 2023 Earnings Release and Webcast.

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Stocks Info

Baker Hughes Company is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $37.20 and fluctuated between $37.45 as its day high and $37.06 as its day low. The current market capitalization of Baker Hughes Company is $36.93B. A total of 8.07 million shares were traded on the day, compared to an average of 6.94M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BKR has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 268,195 shares. Over the last 12 months, there were 35 BUYs and 34 SELLs from insiders. Insiders purchased 822,385 shares during that period but sold 867,074.

In the most recent transaction, BORRAS MARIA C sold 10,000 shares of BKR for 36.56 per share on Sep 01. After the transaction, the EVP, Oilfield Services & Equip now owns 63,997 company shares. In a previous transaction on Aug 24, Jones Regina sold 10,000 shares at 35.19 per share. BKR shares that Chief Legal Officer owns now total 62,873.

Among the insiders who sold shares, Simonelli Lorenzo disposed of 122,500 shares on Aug 08 at a per-share price of $34.80. This resulted in the Chairman, President and CEO holding 467,438 shares of BKR after the transaction. In another insider transaction, Simonelli Lorenzo sold 122,500 shares at $35.49 per share on Aug 01. Company shares held by the Chairman, President and CEO now total 589,938.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Baker Hughes Company pays an annual dividend of $0.80, resulting in a dividend yield of 2.15%, and it has a price to earnings (P/E) ratio of 32.78. BKR’s most recent ex-dividend date was 8/7/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 8/18/2023. Previously, the company paid the dividend on 6/9/2023 with an ex-dividend date of 5/26/2023. The BKR stock dividend was $0.19 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BKR in the last 3 months, the mean price target is $39.88 with high estimates of $44.00 and low estimates of $30.00. In terms of 52-week highs and lows, BKR has a high of $37.58 and a low of $20.42.

As of this writing, BKR has an earnings estimate of $0.4 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.37. The company reported an EPS of $0.28 in the last quarter, which was 7.70% higher than expectations of $0.26.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BKR’s latest balance sheet shows that the firm has $3.85B in Cash & Short Term Investments as of fiscal 2021. There were $6.73B in debt and $9.17B in liabilities at the time. Its Book Value Per Share was $14.98, while its Total Shareholder’s Equity was $16.75B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.67.

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