Baker Hughes Co [NASDAQ: BKR] price surged by 0.59 percent to reach at $0.18. The company report on January 23, 2024 at 5:00 PM that Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results.
Fourth-quarter highlights.
IET orders of $3,030 million, the fifth consecutive quarter above $3 billion.
The one-year BKR stock forecast points to a potential upside of 26.16. The average equity rating for BKR stock is currently 1.54, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Baker Hughes Co [BKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BKR shares is $41.28 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 1.54. 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.
TD Cowen have made an estimate for Baker Hughes Co shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 25, 2024.
The Average True Range (ATR) for Baker Hughes Co is set at 0.81, with the Price to Sales ratio for BKR stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 2.63. Price to Free Cash Flow for BKR in the course of the last twelve months was 16.69 with Quick ratio for the last quarter at 0.86.
BKR Stock Performance Analysis:
Baker Hughes Co [BKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.72. With this latest performance, BKR shares dropped by -12.36% in over the last four-week period, additionally sinking by -12.06% over the last 6 months – not to mention a drop of -1.68% 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 36.23, with the RSI for the last a single of trading hit 36.46, and the three-weeks RSI is set at 37.27 for Baker Hughes Co [BKR]. The present Moving Average for the last 50 days of trading for this stock 32.88, while it was recorded at 30.67 for the last single week of trading, and 32.90 for the last 200 days.
Insight into Baker Hughes Co Fundamentals:
Baker Hughes Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 1.25.
BKR Stock EPS
With the latest financial reports released by the company, Baker Hughes Co posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.70%. 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 Co go to 27.90%.
Baker Hughes Co [BKR] Institutonal Ownership Details
The top three institutional holders of BKR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BKR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BKR stock with ownership which is approximately 5.8325%.
