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Baker Hughes Company (BKR)

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37.85 -0.23 (-0.60%)
At close: 4:00 PM EDT
37.76 -0.09 (-0.24%)
After hours: 6:16 PM EDT
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DELL
  • Previous Close 38.08
  • Open 38.13
  • Bid 37.85 x 900
  • Ask 37.90 x 1900
  • Day's Range 37.54 - 38.29
  • 52 Week Range 28.32 - 39.05
  • Volume 7,884,090
  • Avg. Volume 6,309,190
  • Market Cap (intraday) 37.454B
  • Beta (5Y Monthly) 1.37
  • PE Ratio (TTM) 16.97
  • EPS (TTM) 2.23
  • Earnings Date Jan 21, 2025 - Jan 27, 2025
  • Forward Dividend & Yield 0.84 (2.21%)
  • Ex-Dividend Date Nov 4, 2024
  • 1y Target Est 43.98

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. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. The IET segment provides gas technology equipment, including drivers, driven equipment, flow control, and turnkey solutions for the mechanical-drive, compression, and power-generation applications; and energy sectors, such as oil and gas, LNG operations, petrochemical, and carbon solutions. This segment also provides rack-based vibration monitoring equipment and sensors; integrated asset performance management products; inspection services; pumps, valves, and gears; precision sensors and instrumentation, and condition monitoring solutions. It serves upstream, midstream, downstream, onshore, offshore, and small and large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.

www.bakerhughes.com

57,000

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News: BKR

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Performance Overview: BKR

Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

BKR
12.97%
S&P 500
20.10%

1-Year Return

BKR
12.82%
S&P 500
36.60%

3-Year Return

BKR
63.05%
S&P 500
24.39%

5-Year Return

BKR
105.79%
S&P 500
88.60%

Compare To: BKR

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Statistics: BKR

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Valuation Measures

Annual
As of 10/31/2024
  • Market Cap

    37.68B

  • Enterprise Value

    41.05B

  • Trailing P/E

    17.08

  • Forward P/E

    14.81

  • PEG Ratio (5yr expected)

    0.85

  • Price/Sales (ttm)

    1.40

  • Price/Book (mrq)

    2.33

  • Enterprise Value/Revenue

    1.50

  • Enterprise Value/EBITDA

    9.54

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.20%

  • Return on Assets (ttm)

    5.43%

  • Return on Equity (ttm)

    14.29%

  • Revenue (ttm)

    27.3B

  • Net Income Avi to Common (ttm)

    2.24B

  • Diluted EPS (ttm)

    2.23

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.66B

  • Total Debt/Equity (mrq)

    36.93%

  • Levered Free Cash Flow (ttm)

    698.63M

Research Analysis: BKR

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 6.91B
Earnings 766M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

36.00
43.98 Average
37.85 Current
53.00 High
 

Company Insights: BKR

Research Reports: BKR

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  • Long-Term Patterns Positive for Stocks

    The long-term trend in the U.S. stock market has been higher. Since 1960, stocks have shown positive annual performances almost 75% of the time. The average annual gain has been 11%, with a standard deviation of 17%. By these numbers, 2024 is a good-but-not-yet exceptional year, as the S&P 500 is up 23% year to date. The strongest return of any one year was the 37% advance in 1995. 2008, during the Great Recession, was the lowest-performing year in which the S&P 500 fell 37%. By deciles, annual returns most often fall in the 10-20% range. This has occurred 16 times. In second place, perhaps surprisingly, is returns in the 20-30% range. This has occurred 13 times, including in 2023. What does this say for 2025? Well, returns aren't exactly random, and patterns do emerge. There have been eight instances since 1960 in which the stock market has risen at least three years in a row, including long runs of eight years in the 1980s, nine years in the 1990s, and eight years from 2009-2017. Thus the historical trends seem to back another positive year for equities next year. What's more important, of course, will be the fundamentals. Given our outlook for economic growth next year, declining interest rates, and positive corporate profit growth, we think the current bull market, now in its second year, has more room to run.

     
  • Raising rating to BUY

    Baker Hughes was formed from the merger of Baker Hughes Inc. and GE's oil and gas business in July 2017. BKR is the world's third-largest oil services company, with annual revenues of $25.5 billion in 2023, and approximately 55,000 employees. Over the long term, it expects to generate approximately 30% of revenue from the U.S. and 70% from international markets.

    Rating
    Price Target
     
  • Stocks were mixed on Thursday, with the Nasdaq Composite and S&P 500 higher,

    Stocks were mixed on Thursday, with the Nasdaq Composite and S&P 500 higher, but the Dow Jones Industrial Average falling back once again. Tesla's consensus-beating results and guidance powered the Nasdaq, while disappointing results from IBM dragged on the Dow. The Nasdaq was up 0.76%, the S&P 500 gained 0.21%, and the Dow fell back by 0.33%.

     
  • Baker Hughes Earnings: Strong Execution Helps Drive Margins, Despite Tough Backdrop

    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.

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