Baker Hughes Company [NYSE: BKR] closed the trading session at $22.65 on 06/28/21. The day’s price range saw the stock hit a low of $22.51, while the highest price level was $23.55. The company report on June 28, 2021 that Baker Hughes Invests in Bio-methanation Technology Company Electrochaea to Expand Carbon Utilization Portfolio with Power-to-Gas Solution.
Electrochaea technology enables CO2 recycling into grid-quality, low carbon synthetic natural gas (SNG), contributing to decarbonization of hard-to-abate sectors, such as transportation and heating.
Baker Hughes will combine its post combustion carbon capture technology with Electrochaea’s bio-methanation technology to develop and commercialize an integrated carbon capture and utilization (CCU) solution.
The stocks have a year to date performance of 8.63 percent and weekly performance of -4.99 percent. The stock has been moved at 7.81 percent over the last six months. The stock has performed -6.94 percent around the most recent 30 days and changed 2.21 percent over the most recent 3-months.
If compared to the average trading volume of 9.01M shares, BKR reached to a volume of 6805715 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $28.23 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 1.90. 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.
Goldman have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 13, 2021. While these analysts kept the previous recommendation, Barclays raised their target price from $25 to $28. The new note on the price target was released on May 03, 2021, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $21 to $27, while Citigroup kept a Buy rating on BKR stock. On April 19, 2021, analysts decreased their price target for BKR shares from 27 to 26.
The Average True Range (ATR) for Baker Hughes Company is set at 0.80, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 4.90.
BKR stock trade performance evaluation
Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.99. With this latest performance, BKR shares dropped by -6.94% in over the last four-week period, additionally plugging by 7.81% over the last 6 months – not to mention a rise of 54.08% 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 38.21, with the RSI for the last a single of trading hit 32.32, and the three-weeks RSI is set at 42.54 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 23.63, while it was recorded at 23.39 for the last single week of trading, and 20.60 for the last 200 days.
Baker Hughes Company [BKR]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Baker Hughes Company [BKR] stock
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.
Baker Hughes Company [BKR]: Insider Ownership positions
There are presently around $22,881 million, or 92.00% 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 0.20% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 83,082,611 shares of the stock with an approximate value of $1.88 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $1.78 billion in BKR stock with ownership of nearly 7.122% 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 333 institutional holders increased their position in Baker Hughes Company [NYSE:BKR] by around 84,493,174 shares. Additionally, 199 investors decreased positions by around 96,341,073 shares, while 64 investors held positions by with 829,343,149 shares. The mentioned changes placed institutional holdings at 1,010,177,396 shares, according to the latest SEC report filing. BKR stock had 99 new institutional investments in for a total of 13,396,339 shares, while 55 institutional investors sold positions of 6,113,974 shares during the same period.