Baker Hughes Company [NYSE: BKR] price plunged by -2.60 percent to reach at -$0.52. The company report on April 5, 2021 that Plug Power, Chart Industries and Baker Hughes announce their intention to become cornerstone investors in FiveT Hydrogen Fund.
Investments intend to establish market presence for the FiveT Hydrogen Fund and enable initial stages of activity.
Combined investments of €260 million are part of a €1 billion Fund ambition, helping to drive development for climate change solutions and accelerate the energy transition to a net-zero future.
A sum of 13482973 shares traded at recent session while its average daily volume was at 7.92M shares. Baker Hughes Company shares reached a high of $19.96 and dropped to a low of $19.25 until finishing in the latest session at $19.51.
The one-year BKR stock forecast points to a potential upside of 28.27. The average equity rating for BKR stock is currently 2.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Baker Hughes Company [BKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKR shares is $27.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BKR stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 19, 2021. While these analysts kept the previous recommendation, Cowen raised their target price from $29 to $32. The new note on the price target was released on January 22, 2021, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $20 to $24, while Citigroup kept a Neutral rating on BKR stock.
The Average True Range (ATR) for Baker Hughes Company is set at 0.72, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 4.01.
BKR Stock Performance Analysis:
Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.86. With this latest performance, BKR shares dropped by -13.75% in over the last four-week period, additionally plugging by 48.48% over the last 6 months – not to mention a rise of 50.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BKR stock in for the last two-week period is set at 31.56, with the RSI for the last a single of trading hit 27.53, and the three-weeks RSI is set at 35.63 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 22.62, while it was recorded at 19.98 for the last single week of trading, and 18.64 for the last 200 days.
Insight into Baker Hughes Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Baker Hughes Company [BKR] shares currently have an operating margin of +3.25 and a Gross Margin at +18.03. Baker Hughes Company’s Net Margin is presently recorded at -48.01.
Return on Total Capital for BKR is now 1.96, given the latest momentum, and Return on Invested Capital for the company is -40.49. Return on Equity for this stock declined to -57.09, with Return on Assets sitting at -21.76. When it comes to the capital structure of this company, Baker Hughes Company [BKR] has a Total Debt to Total Equity ratio set at 65.48. Additionally, BKR Total Debt to Total Capital is recorded at 39.57, with Total Debt to Total Assets ending up at 22.21. Long-Term Debt to Equity for the company is recorded at 56.89, with the Long-Term Debt to Total Capital now at 34.38.
Reflecting on the efficiency of the workforce at the company, Baker Hughes Company [BKR] managed to generate an average of -$180,727 per employee. Receivables Turnover for the company is 3.44 with a Total Asset Turnover recorded at a value of 0.45.Baker Hughes Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
BKR Stock EPS
With the latest financial reports released by the company, Baker Hughes Company posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baker Hughes Company go to 3.25%.
Baker Hughes Company [BKR] Insider Position Details
There are presently around $20,034 million, or 89.70% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 349,439,701, which is approximately -7.416% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 82,431,759 shares of the stock with an approximate value of $1.61 billion in BKR stocks shares; and DODGE & COX, currently with $1.5 billion in BKR stock with ownership of nearly -6.379% of the company’s market capitalization.
Positions in Baker Hughes Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 279 institutional holders increased their position in Baker Hughes Company [NYSE:BKR] by around 74,681,300 shares. Additionally, 204 investors decreased positions by around 73,685,846 shares, while 55 investors held positions by with 878,465,829 shares. The mentioned changes placed institutional holdings at 1,026,832,975 shares, according to the latest SEC report filing. BKR stock had 84 new institutional investments in for a total of 6,176,652 shares, while 38 institutional investors sold positions of 3,010,547 shares during the same period.