Baker Hughes Company [NASDAQ: BKR] gained 0.27% or 0.08 points to close at $29.97 with a heavy trading volume of 28175679 shares. The company report on June 18, 2022 that The Baker Hughes Foundation Contributes $100,000 to Houston’s Emancipation Park Conservancy.
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HOUSTON –News Direct– Baker Hughes.
HOUSTON, June 18, 2022 /3BL Media/ – The Baker Hughes Foundation has announced a $100,000 grant to support the Emancipation Park Conservancy (EPC). The funds will support the conservancy’s mission to preserve the park’s integrity and enrich its heritage as a local, state, national and international landmark. Today’s announcement marks the third consecutive year Baker Hughes has supported EPC through charitable giving, and the grant is part of a broader commitment by Baker Hughes to participate in community programs, volunteerism and engagement with the organization.
It opened the trading session at $29.925, the shares rose to $30.20 and dropped to $28.85, the range by which the price of stock traded the whole day. The daily chart for BKR points out that the company has recorded 23.49% gains over the past six months. However, it is still -55.85% lower than its most recent low trading price.
If we look at the average trading volume of 11.16M shares, BKR reached to a volume of 28175679 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $41.45 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.
HSBC Securities have made an estimate for Baker Hughes Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $28 to $43. The new note on the price target was released on March 31, 2022, representing the official price target for Baker Hughes Company stock. Previously, the target price had yet another raise from $30 to $33, while Susquehanna kept a Positive rating on BKR stock. On January 21, 2022, analysts increased their price target for BKR shares from 30 to 35.
The Average True Range (ATR) for Baker Hughes Company is set at 1.54, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 4.15. Price to Free Cash Flow for BKR in the course of the last twelve months was 132.08 with Quick ratio for the last quarter at 1.20.
Trading performance analysis for BKR stock
Baker Hughes Company [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.93. With this latest performance, BKR shares dropped by -13.48% in over the last four-week period, additionally plugging by 23.49% over the last 6 months – not to mention a rise of 32.20% 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 30.15, with the RSI for the last a single of trading hit 20.76, and the three-weeks RSI is set at 36.20 for Baker Hughes Company [BKR]. The present Moving Average for the last 50 days of trading for this stock 34.34, while it was recorded at 31.57 for the last single week of trading, and 29.01 for the last 200 days.
Baker Hughes Company [BKR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Baker Hughes Company [BKR] shares currently have an operating margin of +7.72 and a Gross Margin at +22.16. Baker Hughes Company’s Net Margin is presently recorded at -1.07.
Return on Equity for this stock declined to -1.58, with Return on Assets sitting at -0.60.
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.
Baker Hughes Company [BKR]: An earnings per share (EPS) analysis
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 50.90%.
An analysis of insider ownership at Baker Hughes Company [BKR]
There are presently around $30,288 million, or 92.90% of BKR stock, in the hands of institutional investors. The top three institutional holders of BKR stocks are: GENERAL ELECTRIC CO with ownership of 116,548,079, which is approximately -30.062% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 116,492,563 shares of the stock with an approximate value of $3.49 billion in BKR stocks shares; and VANGUARD GROUP INC, currently with $3.1 billion in BKR stock with ownership of nearly 9.02% 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 391 institutional holders increased their position in Baker Hughes Company [NASDAQ:BKR] by around 142,365,453 shares. Additionally, 254 investors decreased positions by around 127,192,934 shares, while 72 investors held positions by with 741,046,683 shares. The mentioned changes placed institutional holdings at 1,010,605,070 shares, according to the latest SEC report filing. BKR stock had 153 new institutional investments in for a total of 24,048,842 shares, while 45 institutional investors sold positions of 6,299,002 shares during the same period.