BKR Stock Summary and Trading Ideas (Baker Hughes Company | NASDAQ:BKR)

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 a 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 November 8, 2024, BKR stock price climbed to $43.39 with 1,239,256 million shares trading.

BKR has a beta of 0.09, meaning it tends to be less sensitive to market movements. BKR has a correlation of 0.00 to the broad based SPY ETF.

BKR has a market cap of $42.94 billion. This is considered a Large Cap stock.

Last quarter Baker Hughes Company reported $7 billion in Revenue and $.67 earnings per share. This fell short of revenue expectation by $-312 million and exceeded earnings estimates by $.06.

In the last 3 years, BKR traded as high as $43.59 and as low as $20.42.

The top ETF exchange traded funds that BKR belongs to (by Net Assets): VTI, XLE, VOO, QQQ, VO.

BKR has underperformed the market in the last year with a return of +30.6%, while SPY returned +38.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BKR shares. However, BKR has outperformed the market in the last 3 month and 2 week periods, returning +27.3% and +18.5%, while SPY returned +15.6% and +3.2%, respectively. This indicates BKR has been having a stronger performance recently.

BKR support price is $42.39 and resistance is $43.82 (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 shares will trade within this expected range on the day.