Baker Hughes Co (BKR): A Case For Going Higher

After Hours

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Stocks Info

This NASDAQ-listed company operates within the Oil & Gas Equipment & Services industry segment, falling under the Energy sector. The current market capitalization of Baker Hughes Co is $37.68B. A total of 4.58 million shares were traded on the day, compared to an average of 6.56M shares.

In the most recent transaction, Simonelli Lorenzo sold 114,286 shares of BKR for 35.00 per share on Aug 08 ’24. After the transaction, the Chairman, President and CEO now owns 502,053 company shares. In a previous transaction on Aug 08 ’24, Simonelli Lorenzo bought 114,286 shares at 35.00 per share.

Among the insiders who sold shares, Simonelli Lorenzo disposed of 114,286 shares on Aug 01 ’24 at a per-share price of $38.55. This resulted in the Chairman, President and CEO holding 616,339 shares of BKR after the transaction. In another insider transaction, Simonelli Lorenzo bought 114,286 shares at $38.55 per share on Aug 01 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Baker Hughes Co pays an annual dividend of $0.83, resulting in a dividend yield of 2.19%, and it has a price to earnings (P/E) ratio of 19.20. BKR’s most recent ex-dividend date was 8/6/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 8/16/2024. Previously, the company paid the dividend on 5/16/2024 with an ex-dividend date of 5/3/2024. The BKR stock dividend was $0.21 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BKR has a high of $39.05 and a low of $28.32.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BKR’s latest balance sheet shows that the firm has $3.85B in Cash & Short Term Investments as of fiscal 2021. There were $6.73B in debt and $9.13B in liabilities at the time. Its Book Value Per Share was $15.68, while its Total Shareholder’s Equity was $16.75B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BKR is Buy with a score of 4.84.

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