Baker Hughes (BKR) to Release Earnings on Thursday

Baker Hughes (NASDAQ:BKR) will likely be releasing its earnings data after the market closes on Thursday, January 30th. Analysts expect Baker Hughes to post earnings of $0.63 per share and revenue of $7,072,413.91 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Baker Hughes Stock Performance

Baker Hughes stock opened at $43.55 on Tuesday. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $47.47. The firm has a market cap of $43.09 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.88 and a beta of 1.39. The firm has a 50-day moving average of $43.01 and a 200-day moving average of $38.81. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley increased their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Piper Sandler assumed coverage on shares of Baker Hughes in a research note on Thursday, December 19th. They issued an “overweight” rating and a $53.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.06.

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.