Russian cuts to crude output may bring $100 oil, J.P. Morgan says
Seeking Alpha News (Wed, 27-Mar 2:07 PM ET)
World’s largest oilfield services company has no plans to leave Russia - FT
Seeking Alpha News (Mon, 25-Mar 7:11 PM ET)
Globe Newswire (Thu, 14-Mar 8:30 AM ET)
Baker Hughes Announces Dates for First Quarter 2024 Earnings Release and Webcast
Globe Newswire (Thu, 14-Mar 8:00 AM ET)
Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras
Globe Newswire (Wed, 21-Feb 8:00 AM ET)
Baker Hughes Declares Increased Quarterly Dividend
Globe Newswire (Thu, 1-Feb 5:00 PM ET)
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy
Globe Newswire (Mon, 29-Jan 2:00 AM ET)
Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results
Globe Newswire (Tue, 23-Jan 5:00 PM ET)
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
Baker Hughes Company trades on the NASDAQ stock market under the symbol BKR.
As of March 28, 2024, BKR stock price climbed to $33.50 with 12,413,231 million shares trading.
BKR has a beta of 0.57, meaning it tends to be less sensitive to market movements. BKR has a correlation of 0.10 to the broad based SPY ETF.
BKR has a market cap of $33.43 billion. This is considered a Large Cap stock.
Last quarter Baker Hughes Company reported $7 billion in Revenue and $.51 earnings per share. This fell short of revenue expectation by $-85 million and exceeded earnings estimates by $.03.
In the last 3 years, BKR stock traded as high as $39.78 and as low as $18.75.
The top ETF exchange traded funds that BKR belongs to (by Net Assets): VTI, XLE, VOO, VO, QQQ.
BKR has underperformed the market in the last year with a return of +25.8%, while the SPY ETF gained +33.6%. In the last 3 month period, BKR fell short of the market, returning -2.3%, while SPY returned +10.1%. However, in the most recent 2 weeks BKR has outperformed the stock market by returning +5.5%, while SPY returned +1.7%.
BKR support price is $32.64 and resistance is $33.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKR stock will trade within this expected range on the day.