Baker Hughes Company (BKR)

NASDAQ: BKR · IEX Real-Time Price · USD
31.86
-0.94 (-2.87%)
At close: Dec 6, 2023, 4:00 PM
32.02
+0.16 (0.50%)
Pre-market: Dec 7, 2023, 8:19 AM EST
-2.87%
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]

Sector Energy
CEO Lorenzo Simonelli
Employees 55,000
Stock Exchange NASDAQ
Ticker Symbol BKR
Full Company Profile

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 Statements

Analyst 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.

Price Target
$39.36
(23.54% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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 ...

Other symbols: ENLCUSAC
23 hours ago - MarketBeat

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.

19 days ago - Market Watch

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.

26 days ago - Market Watch

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...

27 days ago - Business Wire

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.

4 weeks ago - Market Watch

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...

4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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.

5 weeks ago - Reuters

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 ...

5 weeks ago - Bloomberg Markets and Finance

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.

5 weeks ago - Reuters

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.

6 weeks ago - Reuters

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.

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

Other symbols: CVXHESPXDXOM
6 weeks ago - Market Watch

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...

Other symbols: GLNGGTLSLNGNEXTNFE
6 weeks ago - ETF Trends

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...

6 weeks ago - Reuters

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...

Other symbols: XOMPXD
7 weeks ago - Market Watch

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.

7 weeks ago - Market Watch

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...

2 months ago - Reuters

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.

2 months ago - Market Watch

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...

Other symbols: FTINOV
2 months ago - MarketBeat

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...

2 months ago - GlobeNewsWire

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.

2 months ago - CNBC International TV

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.

2 months ago - CNBC International TV

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...

2 months ago - GlobeNewsWire