Baker Hughes Company (BKR)
| Market Cap | 32.77B |
| Revenue (ttm) | 26.21B |
| Net Income (ttm) | 1.82B |
| Shares Out | 998.00M |
| EPS (ttm) | 1.79 |
| PE Ratio | 18.35 |
| Forward PE | 14.96 |
| Dividend | $0.84 (2.56%) |
| Ex-Dividend Date | May 3, 2024 |
| Volume | 6,924,633 |
| Open | 33.17 |
| Previous Close | 33.30 |
| Day's Range | 32.44 - 33.30 |
| 52-Week Range | 26.81 - 37.58 |
| Beta | 1.45 |
| Analysts | Buy |
| Price Target | 40.33 (+22.81%) |
| Earnings Date | Apr 23, 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 13 analysts, the average rating for BKR stock is "Buy." The 12-month stock price forecast is $40.33, which is an increase of 22.81% from the latest price.
News
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.
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 October, energy services firm Baker Hughes said in its closely follo...
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 ...
US drillers add most oil and gas rigs in a week since September - Baker Hughes
U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker ...
Baker Hughes' Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough
HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, has announced a breakthrough in flare emissions monitoring following a collaboration w...
Baker Hughes Announces Dates for First Quarter 2024 Earnings Release and Webcast
HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the first quarter ending March 31, 2024, via press release at 5 p.m. Eastern Time (4 p.m....
US drillers cut oil and gas rigs for first time in three weeks - Baker Hughes
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a significant contract award from Petrobras for integrated well construction se...
Baker Hughes Declares Increased Quarterly Dividend
HOUSTON and LONDON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.21 per sha...
U.S. LNG export pause is disappointing but won't stop growth of natural gas, Baker Hughes CEO says
Lorenzo Simonelli, Baker Hughes CEO, says "we see natural gas playing a key role in providing energy security, affordability and sustainability."
Big Oil Stocks Extend Losses. What It Means.
Saudi Arabian Oil Co. said this week it would no longer increase capacity as previously planned.
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy
FLORENCE, Italy, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday several milestones to support the growth of the hydrogen economy, as part ...
What Biden's decision to pause new U.S. LNG exports means for the energy market
The Biden administration's announcement Friday that it's pausing liquefied natural gas export approvals sparked political backlash, drew cheers from climate activists and stoked uncertainty in energy ...
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 early December, energy services firm Baker Hughes said in its closely followed report on ...
Baker Hughes on Q4 Earnings and the Future of Oil
Lorenzo Simonelli, CEO of oilfield services company Baker Hughes discusses fourth-quarter earnings, managing geopolitical risks and the outlook for M&A. He spoke with Alix Sweeney and Paul Sweeney on ...
Baker Hughes expects North America oilfield spend to decline in 2024
U.S. oilfield technology firm Baker Hughes said on Wednesday it expects spending on drilling and well completion in North America to fall in 2024 as commodity prices remain volatile.