Baker Hughes (BKR) Projected to Post Earnings on Thursday

Baker Hughes (NASDAQ:BKR) will likely be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7.07 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $43.28 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $47.47. The company has a 50 day simple moving average of $43.02 and a two-hundred day simple moving average of $38.87. The stock has a market cap of $42.83 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.88 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKR shares. Evercore ISI lifted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Morgan Stanley lifted their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and issued a $42.00 price target on shares of Baker Hughes in a report on Thursday, October 24th. Piper Sandler initiated coverage on shares of Baker Hughes in a report on Thursday, December 19th. They issued an “overweight” rating and a $53.00 price target for the company. Finally, Susquehanna boosted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.06.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.