Baker Hughes Company (BKR)
| Market Cap | 33.23B |
| Revenue (ttm) | 24.58B |
| Net Income (ttm) | 1.69B |
| Shares Out | 1.01B |
| EPS (ttm) | 1.67 |
| PE Ratio | 19.08 |
| Forward PE | 16.50 |
| Dividend | $0.80 (2.51%) |
| Ex-Dividend Date | Nov 3, 2023 |
| Volume | 498 |
| Open | 32.65 |
| Previous Close | 32.80 |
| Day's Range | 31.66 - 32.82 |
| 52-Week Range | 26.12 - 37.58 |
| Beta | 1.39 |
| Analysts | Strong Buy |
| Price Target | 39.36 (+23.54%) |
| Earnings Date | Jan 22, 2024 |
About BKR
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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; co... [Read more]
Financial Performance
In 2022, BKR's revenue was $21.16 billion, an increase of 3.19% compared to the previous year's $20.50 billion. Losses were -$601.00 million, 174.4% more than in 2021.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for BKR stock is "Strong Buy." The 12-month stock price forecast is $39.36, which is an increase of 23.54% from the latest price.
News
Last chance to set up your portfolio for OPEC cuts
The commodity cycle is in full steam ahead mode, with one of the biggest markets (oil) taking the spotlight. Now that the Saudis have reiterated their commitment for OPEC to implement production cuts ...
Baker Hughes reports a weekly climb in active U.S. oil-drilling rigs
Baker Hughes BKR, +1.87% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 500 this week. That followed two consecutive weekly declines.
Baker Hughes data show a second straight weekly fall in active U.S. oil-drilling rigs
Baker Hughes BKR, +0.85% on Friday reported that the number of active U.S. rigs drilling for oil fell by 2 to 494 this week. That followed a decline of 8 oil rigs last week.
Glenfarne Energy Transition's Texas LNG Selects Baker Hughes Gas Technology
NEW YORK & BROWNSVILLE, Texas--(BUSINESS WIRE)--Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a...
Baker Hughes data show a fall in the weekly active U.S. oil-drilling rig count
Baker Hughes BKR, -0.25% on Friday reported that the number of active U.S. rigs drilling for oil fell by 8 to 496 this week. That followed three consecutive weeks of increases.
Akastor ASA: Successful placement of new USD 200m senior secured bonds by HMH
FORNEBU, Norway , Nov. 2, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today successfully completed a USD 200 million senior secured bond issue with...
Akastor ASA: HMH mandate announcement and contemplated bond issuance
FORNEBU, Norway , Oct. 30, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ('HMH') has today announced that it has mandated DNB Markets and Nordea as Global Coordi...
US monthly oil rig count rises for first time since Nov -Baker Hughes
The U.S. monthly oil rig count rose for first time since November after drillers added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes Say Recent Mergers Present Opportunities
Oilfield service provider Baker Hughes Chairman and CEO Lorenzo Simonelli says recent mergers in the oil sector create opportunities for his company. He says there have been no disruptions due to the ...
Baker Hughes raises full year revenue forecast on demand for LNG equipment
Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment.
Baker Hughes beats quarterly profit estimates
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.
Baker Hughes Company Announces Third Quarter 2023 Results
HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) (Baker Hughes or the Company) announced results today for the third quarter of 2023.
Baker Hughes Declares Quarterly Dividend
HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.20 per share of Class...
U.S. is set to play tug of war with OPEC+ for oil market share as Middle East hostilities warrant output boost
Oil production cuts this year by the Organization of the Petroleum Exporting Countries and their allies have given the U.S. the price incentive it needed to lift domestic output to its highest level o...
Stifel Analyst on the LNG Market and Overlooked Investment Opportunities
VettaFi recently sat down with Ben Nolan, managing director at Stifel, to discuss the outlook for the global LNG market, third-quarter earnings, and overlooked investment opportunities in the space. V...
US drillers add oil and gas rigs for second week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid September, energy services firm Baker Hughes said in its closely followed report on F...
U.S. oil production hits record as Israel-Hamas conflict stokes global supply fears
As the global oil market focuses its attention on the oil-supply risks tied to the war between Israel and Hamas, U.S. production has climbed to its highest level on record and it's expected to continu...
Baker Hughes data show a climb in the weekly active U.S. oil-drilling rig count
Baker Hughes BKR, +0.37% on Friday reported that the number of active U.S. rigs drilling for oil rose by 4 to 501 this week. That followed three consecutive weeks of declines.
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 for the first time since early September, energy services firm Baker Hughes said in its close...
Baker Hughes data reveal a third straight weekly decline in the active U.S. oil-drilling rig count
Baker Hughes bkr on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 497 this week. That followed two consecutive weeks of declines.
3 Stocks For the Resurgent Energy Rally
While two very small stocks, Geospace Technologies Corp. NASDAQ: GEOS and Profire Energy Inc. NASDAQ: PFIE are the industry's price leaders, stocks drawing more institutional investment include S&P 50...
Baker Hughes Announces Milestone Electric-LNG Award for ADNOC Ruwais LNG Export Terminal
ABU DHABI, United Arab Emirates, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has received a letter of award by ADNOC Gas, for and...
Natural gas is 'the best way' to work toward a low carbon economy, says Baker Hughes CEO
Lorenzo Simonelli, CEO of Baker Hughes, discusses natural gas and LNG with CNBC at Abu Dhabi's ADIPEC energy conference.
Baker Hughes CEO says LNG is one of the best ways to reduce the carbon footprint
Lorenzo Simonelli, Baker Hughes CEO, speaks to CNBC's Dan Murphy and Steve Sedgwick about the role of liquefied natural gas in the energy mix.
Baker Hughes Announces Major Gas Technology Equipment Order for Venture Global LNG
HOUSTON & LONDON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday that it has been awarded a major contract, to be booked in the third quar...