Piper Sandler has recently initiated Baker Hughes Co (BKR) stock to Overweight rating, as announced on December 19, 2024, according to Finviz. Earlier, on October 25, 2024, Argus had raised the stock from a Hold to Buy. Wells Fargo also raised Overweight rating with a price target of $42. Additionally, TD Cowen reiterated Buy rating on July 29, 2024, with a target price of $50. Wolfe Research analysts, in their report published on January 29, 2024, also reduced Peer Perform rating for Baker Hughes Co’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Baker Hughes Co (BKR) Stock Trading Recap
On Thursday, Baker Hughes Co (BKR) stock saw a decline, ending the day at $46.15 which represents a decrease of $-0.26 or -0.56% from the prior close of $46.41. The stock opened at $46.3 and touched a low of $45.71 during the day, reaching a high of $46.42. The volume of shares traded was 5.19 million falling short of the average volume of 6.85 million.
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BKR Stock Performance and Moving Averages
In recent trading, Baker Hughes Co (BKR) stock price has shown some volatility, fluctuating -1.77% over the last five trades and 2.40% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 32.54%, and it has gained 4.62% in the previous three months. Currently, BKR is trading at 0.10%, 5.55%, and 22.30% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BKR, a Energy sector stock, is trading -6.58% below its 52-week high but remains 61.19% above its 52-week low. The Average True Range (ATR) (14 days) of 1.33 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Baker Hughes Co’s Profitability and Valuation Ratios
Baker Hughes Co’s profitability metrics reveal financial health. The company currently boasts an operating margin of 12.16% and a profit margin of 10.70%, with a gross margin of 32.54%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Baker Hughes Co’s market capitalization stands at $45.69 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.49, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.39. Additionally, the Price-to-Sales Ratio is 1.64, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.7, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.14% of Baker Hughes Co (BKR)’s shares, while financial institutions hold 95.32%.
Notable insider trades include BORRAS MARIA C, EVP, Oilfield Services & Equip at Baker Hughes Co (BKR), who sold 67250 shares on Jan 28 ’25, at $43.48 each, totaling $2.92 million. On Jan 27 ’25, BORRAS MARIA C, EVP, Oilfield Services & Equip, sold 8000 shares for $44.77 each, amounting to $0.36 million. Additionally, on Nov 06 ’24, Buese Nancy sold 10000 shares at $40.69 each, generating $0.41 million.
