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In the latest session, Baker Hughes Co (NASDAQ: BKR) closed at $34.45 down -0.69% from its previous closing price of $34.69. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 2.8 million shares were traded. BKR stock price reached its highest trading level at $34.935 during the session, while it also had its lowest trading level at $34.37.
Ratios:
For a deeper understanding of Baker Hughes Co’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
On January 25, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $46 to $49.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 24 ’24 when BORRAS MARIA C sold 55,980 shares for $32.00 per share. The transaction valued at 1,791,360 led to the insider holds 92,035 shares of the business.
Apostolides James E sold 5,000 shares of BKR for $169,400 on Apr 05 ’24. The SVP, Enterprise Op Excellence now owns 14,998 shares after completing the transaction at $33.88 per share. On Mar 05 ’24, another insider, Apostolides James E, who serves as the SVP, Enterprise Op Excellence of the company, sold 10,000 shares for $29.44 each. As a result, the insider received 294,400 and left with 14,451 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BKR now has a Market Capitalization of 34625462272 and an Enterprise Value of 37848977408. As of this moment, Baker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.13, and their Forward P/E ratio for the next fiscal year is 13.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 1.444 whereas that against EBITDA is 9.717.
Stock Price History:
The Beta on a monthly basis for BKR is 1.40, which has changed by 0.090822816 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, BKR has reached a high of $37.58, while it has fallen to a 52-week low of $28.32. The 50-Day Moving Average of the stock is 5.30%, while the 200-Day Moving Average is calculated to be 5.02%.
Shares Statistics:
For the past three months, BKR has traded an average of 6.23M shares per day and 6692320 over the past ten days. A total of 997.71M shares are outstanding, with a floating share count of 996.63M. Insiders hold about 0.14% of the company’s shares, while institutions hold 92.78% stake in the company. Shares short for BKR as of 1718323200 were 25456507 with a Short Ratio of 4.09, compared to 1715731200 on 21891364. Therefore, it implies a Short% of Shares Outstanding of 25456507 and a Short% of Float of 3.2899998.
Dividends & Splits
According to the company, the forward annual dividend rate for BKR is 0.82, from 0.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023061402The stock’s 5-year Average Dividend Yield is 3.11.
Earnings Estimates
The current market rating for Baker Hughes Co (BKR) reflects the collective analysis of 20.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.48, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.55, with high estimates of $0.58 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.17 and $1.21 for the fiscal current year, implying an average EPS of $2.05. EPS for the following year is $2.53, with 23.0 analysts recommending between $2.91 and $1.52.
Revenue Estimates
A total of 19 analysts believe the company’s revenue will be $6.8B this quarter.It ranges from a high estimate of $6.91B to a low estimate of $6.67B. As of the current estimate, Baker Hughes Co’s year-ago sales were $6.26BFor the next quarter, 19 analysts are estimating revenue of $7.04B. There is a high estimate of $7.21B for the next quarter, whereas the lowest estimate is $6.73B.
A total of 24 analysts have provided revenue estimates for BKR’s current fiscal year. The highest revenue estimate was $27.85B, while the lowest revenue estimate was $26.81B, resulting in an average revenue estimate of $27.53B. In the same quarter a year ago, actual revenue was $25.51BBased on 24 analysts’ estimates, the company’s revenue will be $29.38B in the next fiscal year. The high estimate is $30.62B and the low estimate is $28.08B.
