Baker Hughes Company (BKR)
| Market Cap | 34.62B |
| Revenue (ttm) | 26.21B |
| Net Income (ttm) | 1.82B |
| Shares Out | 998.00M |
| EPS (ttm) | 1.79 |
| PE Ratio | 19.38 |
| Forward PE | 15.79 |
| Dividend | $0.84 (2.42%) |
| Ex-Dividend Date | May 3, 2024 |
| Volume | 4,414,098 |
| Open | 35.10 |
| Previous Close | 34.94 |
| Day's Range | 34.56 - 35.30 |
| 52-Week Range | 28.32 - 37.58 |
| Beta | 1.42 |
| Analysts | Strong Buy |
| Price Target | 40.77 (+17.53%) |
| Earnings Date | Jul 25, 2024 |
About BKR
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for BKR stock is "Strong Buy." The 12-month stock price forecast is $40.77, which is an increase of 17.53% from the latest price.
News
While The Tech Sector Corrects, Energy Quietly Rises: 5 Stocks For Your Watch List
Over the past five days, the S&P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund – Technology XLK, declined by 2.23%.
Baker Hughes Announces Dates for Second-quarter 2024 Earnings Release and Webcast
HOUSTON and LONDON, June 17, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2024, via press release at 5 p.m. Eastern Time (4 p.m. ...
US drillers cut oil and gas rig count to lowest since January 2022 - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
Augury Adds Ranger Pro Sensors From Baker Hughes to Its Industry Leading Machine Health Platform
NEW YORK--(BUSINESS WIRE)--Augury, a leading provider of industrial AI solutions that improve machine health and process health, today announced that the sixth generation of Baker Hughes' Ranger Pro W...
Baker Hughes Awarded Major Integrated Solutions Contract for Petrobras' Offshore Fields
HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant order from Petrobras for workover and plug and abandonment (P&A) ser...
US oil and gas rig count falls to lowest since January 2022 - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
Akastor ASA: HMH announces its intention to pursue US listing
FORNEBU, Norway , June 3, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today announced that its subsidiary HMH Holding Inc. has submitted a confiden...
US drillers cuts most oil and gas rigs in a month since August - Baker Hughes
U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed...
Baker Hughes CEO Lorenzo Simonelli on the Energy Sector
The US is leading global oil production for the sixth straight year according to data from the EIA. Record cash piles by energy giants also fueling consolidation in the space.
Baker Hughes Seeing Growth in Clean and Fossil Fuel Demand: CEO
Baker Hughes CEO Lorenzo Simonelli discusses growth in demand for both fossil fuels and clean energy and plans for expanding technology to increase energy production. -------- More on Bloomberg Televi...
US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes to Support Strategic Gas Project in Algeria to Enhance Italy, Europe's Energy Security
ALGIERS, Algeria, May 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it was awarded a major contract from SONATRACH for a gas-boosting projec...
US drillers add oil and gas rigs for first time in four weeks - Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes quarterly profit beats estimates on international demand
Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand.
Baker Hughes Company Announces First-Quarter 2024 Results
First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders. Revenue of $6.4 billion, up 12% year-over-year.
Baker Hughes Declares Quarterly Dividend
HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Clas...
Baker Hughes gets supply order for phase 3 of Aramco's gas network project
Oilfield services provider Baker Hughes said on Tuesday it has received an order to supply equipment for the third phase of oil giant Aramco's gas network expansion project in Saudi Arabia.
Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of Saudi Arabia's Master Gas System
HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco,...
Halliburton, Baker Hughes may see deal pressure after SLB's buying spree, industry experts say
Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals...
Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense
The oil industry is betting carbon capture will serve heavy industries like cement- and steelmaking that now have few good options to slash greenhouse gases.
Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project
HOUSTON & LONDON, April 05, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday it was awarded an order from Black & Veatch, a global engineering, const...
Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network
FLORENCE, Italy, April 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it was awarded a contract to be booked in the first quarter of 2024 fr...
US gas rig count falls to lowest since January 2022 - Baker Hughes
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
CERAWEEK LNG growth to be met by other countries if US walks away -Baker Hughes CEO
If the U.S. pulls back from permitting new liquefied natural gas (LNG) export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, the CEO of Baker Hughes , the ...