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Baker Hughes (BKR) Stock

Profile

Sector:

Energy

Country:

United States

IPO:

06 April 1987

Description:

Baker Hughes Company is one of the largest global oilfield service companies, whose solutions cover the entire oilfield service chain: providing oilfield services, supplying oilfield equipment, developing turbomachinery and technological solutions, as well as providing digital solutions for oil and gas companies. The company was formed as a result of the merger of Baker Hughes Incorporated and the GE Oil & Gas division of General Electric Company in 2017. Baker Hughes' services are delivered through direct and indirect channels based on long-term contracts with customers. Clients include large integrated oil and gas companies, as well as companies involved in the development and maintenance of oil and gas fields.

Key Details

Price

$43.95

TTM Dividend Yield

1.91%(-17.67% YoY)

Annual Revenue

$25.51 B(+20.56% YoY)

Annual EPS

$1.91(+413.11% YoY)

PE Ratio

19.71(-2.67% YoY)

Beta

0.75

Events Calendar

Earnings

Next earnings date:

Jan 23, 2025

Recent quarterly earnings:

Oct 22, 2024

Recent annual earnings:

Jan 23, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 04, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

25 Nov '24 Stifel
Buy
14 Nov '24 Citigroup
Buy
25 Oct '24 Argus Research
Buy
24 Oct '24 Susquehanna
Positive
24 Oct '24 RBC Capital
Outperform
24 Oct '24 Benchmark
Buy
24 Oct '24 Barclays
Overweight
16 Oct '24 Barclays
Overweight
10 Oct '24 BMO Capital
Outperform
03 Oct '24 Morgan Stanley
Overweight

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Institutional Ownership

Baker Hughes Digital Transformation Strategy and Innovation Programs 2024
Baker Hughes Digital Transformation Strategy and Innovation Programs 2024
Baker Hughes Digital Transformation Strategy and Innovation Programs 2024
BKR
globenewswire.com18 November 2024

Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has included the "Enterprise Tech Ecosystem Series: Baker Hughes 2024" company profile in its collection. This report offers details and insights about Baker Hughes' technology initiatives, such as:

Here's Why Hold Strategy is Apt for Baker Hughes Stock
Here's Why Hold Strategy is Apt for Baker Hughes Stock
Here's Why Hold Strategy is Apt for Baker Hughes Stock
BKR
zacks.com15 November 2024

BKR is seeing strong growth in its new energy sector, highlighting its increasing presence in technologies related to energy transition.

Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR's Baku Oil Refinery
Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR's Baku Oil Refinery
Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR's Baku Oil Refinery
BKR
globenewswire.com14 November 2024

On November 14, 2024, in Baku, Azerbaijan, Baker Hughes and SOCAR signed a contract for a system that will help recover gas and remove hydrogen sulfide (H2S). This system aims to greatly decrease flaring at SOCAR's Heydar Aliyev Oil Refinery. The agreement was made during COP29, with key figures from both companies present.

Woodside Teams up With Baker Hughes and Bechtel to Pedal for a Purpose
Woodside Teams up With Baker Hughes and Bechtel to Pedal for a Purpose
Woodside Teams up With Baker Hughes and Bechtel to Pedal for a Purpose
BKR
businesswire.com12 November 2024

HOUSTON--(BUSINESS WIRE)--Woodside Energy, Baker Hughes, and Bechtel have joined forces to support the United Way of Greater Houston by participating in a tricycle race. The event successfully raised $150,000 and included executives and racing teams from all three companies along with United Way. Woodside's Executive Vice President & Chief Operating Officer expressed pride in contributing to the local community through this initiative.

Energy demand is rising, Baker Hughes CEO says
Energy demand is rising, Baker Hughes CEO says
Energy demand is rising, Baker Hughes CEO says
BKR
youtube.com05 November 2024

Lorenzo Simonelli, the CEO of Baker Hughes, talks about the energy forecast for various areas and mentions that "the demand for energy is rising, and we can expect ongoing growth in activity."

Trade Tracker: Josh Brown buys Baker Hughes
Trade Tracker: Josh Brown buys Baker Hughes
Trade Tracker: Josh Brown buys Baker Hughes
BKR
youtube.com01 November 2024

Josh Brown, the CEO of Ritholtz Wealth Management, appears on CNBC's 'Halftime Report' to explain his reasons for investing in the energy sector.

US oil and gas rig count unchanged this week, Baker Hughes says
US oil and gas rig count unchanged this week, Baker Hughes says
US oil and gas rig count unchanged this week, Baker Hughes says
BKR
reuters.com01 November 2024

According to a report by energy services company Baker Hughes released on Friday, U.S. energy companies have maintained the same number of oil and natural gas rigs for the second consecutive week.

Baker Hughes to supply pipe systems to Brazil's Petrobras
Baker Hughes to supply pipe systems to Brazil's Petrobras
Baker Hughes to supply pipe systems to Brazil's Petrobras
BKR
reuters.com28 October 2024

On Monday, Baker Hughes, a company that provides oilfield services, revealed that it has reached a deal to provide Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems. These systems will be used in Brazil's pre-salt fields located in the Santos Basin.

Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields
Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields
Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields
BKR
globenewswire.com28 October 2024

HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), a company focused on energy technology, announced on Monday that it has secured important contracts with Petrobras to supply 77 km of flexible pipe systems for use in Brazil's pre-salt fields. This agreement was finalized on October 15, 2024, after a competitive bidding process.

Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now
Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now
Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now
BKR
seekingalpha.com23 October 2024

Baker Hughes Company shared mixed results for the third quarter, showing a strong backlog and better margins, but a drop in orders raises worries about future growth. The company is in a good financial position, holding $2.66 billion in cash and $6 billion in long-term debt, with operating income easily covering interest costs. LNG growth is seen as a key driver for the future, as management anticipates a big rise in demand, although there are still short-term uncertainties, particularly regarding regulations.

FAQ

  • What is the primary business of Baker Hughes?
  • What is the ticker symbol for Baker Hughes?
  • Does Baker Hughes pay dividends?
  • What sector is Baker Hughes in?
  • What industry is Baker Hughes in?
  • What country is Baker Hughes based in?
  • When did Baker Hughes go public?
  • Is Baker Hughes in the S&P 500?
  • Is Baker Hughes in the NASDAQ 100?
  • Is Baker Hughes in the Dow Jones?
  • When was Baker Hughes's last earnings report?
  • When does Baker Hughes report earnings?
  • Should I buy Baker Hughes stock now?

What is the primary business of Baker Hughes?

Baker Hughes Company is one of the largest global oilfield service companies, whose solutions cover the entire oilfield service chain: providing oilfield services, supplying oilfield equipment, developing turbomachinery and technological solutions, as well as providing digital solutions for oil and gas companies. The company was formed as a result of the merger of Baker Hughes Incorporated and the GE Oil & Gas division of General Electric Company in 2017. Baker Hughes' services are delivered through direct and indirect channels based on long-term contracts with customers. Clients include large integrated oil and gas companies, as well as companies involved in the development and maintenance of oil and gas fields.

What is the ticker symbol for Baker Hughes?

The ticker symbol for Baker Hughes is NASDAQ:BKR

Does Baker Hughes pay dividends?

Yes, Baker Hughes pays dividends. The last payment was $0.21, with an ex-dividend date on 04 November 2024

What sector is Baker Hughes in?

Baker Hughes is in the Energy sector

What industry is Baker Hughes in?

Baker Hughes is in the Oil & Gas Equipment & Services industry

What country is Baker Hughes based in?

Baker Hughes is headquartered in United States

When did Baker Hughes go public?

Baker Hughes's initial public offering (IPO) was on 06 April 1987

Is Baker Hughes in the S&P 500?

Yes, Baker Hughes is included in the S&P 500 index

Is Baker Hughes in the NASDAQ 100?

Yes, Baker Hughes is included in the NASDAQ 100 index

Is Baker Hughes in the Dow Jones?

No, Baker Hughes is not included in the Dow Jones index

When was Baker Hughes's last earnings report?

Baker Hughes's most recent earnings report was on 22 October 2024

When does Baker Hughes report earnings?

The next expected earnings date for Baker Hughes is 23 January 2025

Should I buy Baker Hughes stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions