Are Things Looking Up For Baker Hughes Co (NASDAQ: BKR)?

After Hours

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. Yahoo Finance discussed the stock recently as it posted Baker Hughes Declares Increased Quarterly Dividend.

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Stocks Info

The company is listed on the NASDAQ and operates within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $29.39 and fluctuated between $29.62 as its day high and $28.79 as its day low. The current market capitalization of Baker Hughes Co is $29.57B. A total of 12.83 million shares were traded on the day, compared to an average of 8.46M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BKR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 18 SELLs from insiders. Insiders purchased 429,312 shares during that period but sold 471,815.

In the most recent transaction, BORRAS MARIA C sold 10,000 shares of BKR for 33.53 per share on Dec 04. After the transaction, the EVP, Oilfield Services & Equip now owns 59,463 company shares. In a previous transaction on Nov 01, BORRAS MARIA C sold 10,000 shares at 34.49 per share. BKR shares that EVP, Oilfield Services & Equip owns now total 59,463.

Among the insiders who sold shares, BORRAS MARIA C disposed of 10,000 shares on Oct 02 at a per-share price of $35.20. This resulted in the EVP, Oilfield Services & Equip holding 59,463 shares of BKR after the transaction. In another insider transaction, BORRAS MARIA C sold 10,000 shares at $36.56 per share on Sep 01. Company shares held by the EVP, Oilfield Services & Equip now total 63,997.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Baker Hughes Co pays an annual dividend of $0.83, resulting in a dividend yield of 2.83%, and it has a price to earnings (P/E) ratio of 15.36. BKR’s most recent ex-dividend date was 2/12/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/17/2023 with an ex-dividend date of 11/3/2023. The BKR stock dividend was $0.20 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BKR in the last 3 months, the mean price target is $40.77 with high estimates of $49.00 and low estimates of $34.00. In terms of 52-week highs and lows, BKR has a high of $37.58 and a low of $26.12.

As of this writing, BKR has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.38. The company reported an EPS of $0.42 in the last quarter, which was 5.00% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $9.13B in liabilities at the time. Its Book Value Per Share was $15.40, while its Total Shareholder’s Equity was $16.75B.

Analysts Opinion

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. 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 4.60.

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