Baker Hughes Company [NYSE: BKR] price surged by 6.76 percent to reach at $1.56. The company report on May 6, 2021 that Baker Hughes and Bloom Energy to Collaborate on Efficient Power and Hydrogen Solutions to Accelerate Energy Transition.
Companies will jointly explore development of integrated technologies for efficient and resilient power solutions for energy and industrial sectors globally.
Collaboration also covers integrated technology solutions to advance hydrogen economy.
A sum of 15954881 shares traded at recent session while its average daily volume was at 8.77M shares. Baker Hughes Company shares reached a high of $24.76 and dropped to a low of $22.59 until finishing in the latest session at $24.63.
The one-year BKR stock forecast points to a potential upside of 10.37. The average equity rating for BKR stock is currently 2.00, 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 $27.48 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 2.00. 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.
Barclays have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 03, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $21 to $27. The new note on the price target was released on April 26, 2021, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another drop from $27 to $26, while BMO Capital Markets kept a Outperform rating on BKR stock. On January 22, 2021, analysts increased their price target for BKR shares from 29 to 32.
The Average True Range (ATR) for Baker Hughes Company is set at 0.83, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 4.79.
BKR Stock Performance Analysis:
Baker Hughes Company [BKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.66. With this latest performance, BKR shares gained by 18.93% in over the last four-week period, additionally plugging by 57.28% over the last 6 months – not to mention a rise of 75.68% 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 74.05, with the RSI for the last a single of trading hit 82.97, and the three-weeks RSI is set at 67.25 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 22.01, while it was recorded at 22.71 for the last single week of trading, and 19.01 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 -0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0/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 $23,012 million, or 89.50% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 311,432,660, which is approximately -10.877% 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 $1.9 billion in BKR stocks shares; and DODGE & COX, currently with $1.77 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 293 institutional holders increased their position in Baker Hughes Company [NYSE:BKR] by around 80,141,889 shares. Additionally, 201 investors decreased positions by around 84,852,610 shares, while 59 investors held positions by with 832,485,708 shares. The mentioned changes placed institutional holdings at 997,480,207 shares, according to the latest SEC report filing. BKR stock had 86 new institutional investments in for a total of 6,080,908 shares, while 46 institutional investors sold positions of 1,666,620 shares during the same period.