Latest news with #BakerHughesCompany
Business Insider
26-05-2025
- Business
- Business Insider
Evercore ISI Reaffirms Their Buy Rating on Baker Hughes Company (BKR)
In a report released on May 23, Stephen Richardson from Evercore ISI maintained a Buy rating on Baker Hughes Company (BKR – Research Report), with a price target of $50.00. The company's shares closed last Friday at $36.74. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Richardson covers the Energy sector, focusing on stocks such as Baker Hughes Company, BP, and EOG Resources. According to TipRanks, Richardson has an average return of 5.7% and a 51.97% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baker Hughes Company with a $48.81 average price target, a 32.85% upside from current levels. In a report released on May 19, J.P. Morgan also maintained a Buy rating on the stock with a $48.00 price target. BKR market cap is currently $36.4B and has a P/E ratio of 12.55.
Yahoo
30-04-2025
- Business
- Yahoo
Why Baker Hughes Company (BKR) Stock is Falling This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Baker Hughes Company (NASDAQ:BKR) stands against other energy stocks that are declining this week. After a slight uptick, the global crude oil price fell again over the last week, declining by a little more than 5%. The West Texas Intermediate (WTI) price is currently hovering just under $60, painting a bleak outlook for the global oil industry. Investors are bracing for OPEC+ to boost output, amid worries that President Trump's tariffs would hit the global economy and slow demand for the fuel. Further adding to investor concerns, a major UK oil and gas company unveiled its Q1 2025 earnings this week, reporting a deeper-than-expected 48% drop in net profit on weaker refining and gas trading. The energy market is also awaiting two American oil supermajors to report their earnings later this week, which will present a clearer picture of the sector and its projections going forward. A sector that has been hit particularly hard by the declining crude price is that of oilfield services, which expects a sharp decline in drilling activity going forward if prices remain at current levels. It must be mentioned that short interest in the energy sector reached 2.58% in March compared to 2.52% in February, with the most shorted industry within the sector being Oil & Gas Equipment & Services. This was primarily due to the tariffs imposed by the Trump administration on steel and aluminum imports, which have raised costs and decreased margins for a sector that is already bracing for a slowdown in activity in the coming months. A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 22 to April 29, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Share Price Decline Between Apr. 22 and Apr. 29: 6.36% Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Baker Hughes Company (NASDAQ:BKR) reported mixed results for its Q1 2025 last week, posting an adjusted EPS of $0.51 and topping expectations by $0.04. However, the company's revenue of $6.43 billion slightly fell below estimates by $74.62 million. Moreover, BKR has flagged a potential impact on its annual core profit of between $100 million and $200 million due to the ongoing tariff war. That said, Baker Hughes Company (NASDAQ:BKR) generated $454 million in free cash flow during Q1 and returned a hefty $417 million of this to its shareholders, including $188 million of share repurchases. Overall, BKR ranks 6th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BKR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Baker Hughes Company (BKR): One of the Top Energy Companies with the Highest Upside Potential
We recently published a list of the Top 15 Energy Companies with the Highest Upside Potential. In this article, we are going to take a look at where Baker Hughes Company (NASDAQ:BKR) stands against other top energy companies. After posting notable gains in the first three months of 2025, the energy sector witnessed significant declines in April, primarily due to the ongoing global trade war sparked by President Trump's tariffs and the prospects of an economic slowdown. The overall energy sector has now slid by around 3.8% since the beginning of the year, against a decline of about 5.8% by the wider market. Unsurprisingly, the downturn is led by the oil and gas sector, which has fallen by over 15% YTD. READ ALSO: 11 Best Solar Energy Stocks to Buy According to Hedge Funds The primary reason behind this fall is the declining global price of crude oil, caused by the continued uncertainty surrounding global trade, demand fears, and the recent decision by OPEC+ to increase supply. The West Texas Intermediate crude price is currently hovering at a multi-year low level of just under $62, down by over 25% YoY. To make matters worse, the International Energy Agency recently cut its 2025 oil demand growth forecast by 300,000 barrels per day compared to last month, warning the world to 'buckle up' amid the escalating trade tensions. That said, there are sectors in the energy industry that are still significantly bullish, with liquified natural gas being a prime example. The United States of America is already the largest LNG exporter in the world, with exports growing consistently over the last decade. Still, the industry continues to boom after it received significant support from the Trump administration, which has made boosting America's fossil fuel sector its primary agenda. According to Wood Mackenzie, 15.5 million tons per annum (MTPA) of long-term LNG offtake contracts were signed in the first quarter of 2025, following a record 81 MTPA last year. These numbers are expected to spike in the coming months after more and more countries are looking to export American LNG to narrow their trade gap with the US, following a tariff threat by the White House. Another important growth driver for the energy sector is the ongoing AI boom and its accompanying power-hungry data centers. According to a study by the American Clean Power Association, electricity demand in the US is expected to surge by 35-50% by 2040, driven by domestic manufacturing growth, data centers, and mass electrification. A primary candidate to satisfy this huge demand is natural gas, which is clean, reliable, and abundant. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by the end of the decade. That said, natural gas is not as cheap as it was a year ago, as prices have surged by around 36.6% over the last 52 weeks. Another important candidate is nuclear energy, which has emerged as a hot topic these days, especially after several tech giants met on the sidelines of the CERAWeek conference in Houston and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. A number of these companies have already signed contracts with nuclear energy providers to power their data centers, with Jeff Bezos' online retail giant being a primary example. A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset. To collect data for this article, we examined companies operating in the energy sector and then compiled a list of the stocks with the highest upside potential according to Wall Street analysts, as of April 28, 2025. To keep our list relevant, we have only included companies with a market cap of $10 billion and above. The following are the Energy Companies with the Highest Upside Potential. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Upside Potential as of April 28: 39.37% Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide Baker Hughes Company (NASDAQ:BKR) reported its Q1 2025 results last week, posting an adjusted EPS of $0.51 and beating estimates by $0.04. The company's revenue of $6.43 billion, however, slightly missed expectations by $74.62 million. BKR recorded orders of $6.5 billion during the quarter, including $3.2 billion of IET orders. Moreover, the firm's cash flow from operating activities stood at $709 million, while it generated $454 million in free cash flow during Q1. Baker Hughes returned a hefty $417 million of this to its shareholders, including $188 million of share repurchases. The company reiterated its commitment to return 60% to 80% of free cash flow to shareholders. Baker Hughes Company (NASDAQ:BKR) projects $27.75 billion in total revenue in FY 2025, driven by growth in LNG and gas infrastructure. The company intends to take full advantage of the American LNG boom and has now booked around $1.7 billion of orders for US LNG projects over the past two quarters. That said, BKR has flagged a potential impact on its annual core profit of between $100 million and $200 million due to the ongoing tariff war. Overall, BKR ranks 8th on our list of the top energy companies with the highest upside potential. While we acknowledge the potential of BKR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BKR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Business Insider
28-04-2025
- Business
- Business Insider
Analysts Are Bullish on Top Energy Stocks: Baker Hughes Company (BKR), Phillips 66 (PSX)
There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Baker Hughes Company (BKR – Research Report) and Phillips 66 (PSX – Research Report) with bullish sentiments. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Baker Hughes Company (BKR) In a report issued on April 24, Arun Jayaram from J.P. Morgan maintained a Buy rating on Baker Hughes Company, with a price target of $48.00. The company's shares closed last Friday at $36.45. According to Jayaram is a 5-star analyst with an average return of 6.8% and a 50.1% success rate. Jayaram covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Noble Corporation PLC Class A, and Occidental Petroleum. Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $50.80, which is a 41.3% upside from current levels. In a report issued on April 14, Susquehanna also maintained a Buy rating on the stock with a $48.00 price target. Phillips 66 (PSX) TD Cowen analyst Jason Gabelman maintained a Buy rating on Phillips 66 yesterday and set a price target of $114.00. The company's shares closed last Friday at $103.97. According to Gabelman is a 4-star analyst with an average return of 4.9% and a 50.0% success rate. Gabelman covers the NA sector, focusing on stocks such as Calumet Specialty Products, HF Sinclair Corporation, and Par Pacific Holdings. Phillips 66 has an analyst consensus of Moderate Buy, with a price target consensus of $132.94, representing a 28.7% upside. In a report issued on April 15, Bank of America Securities also maintained a Buy rating on the stock.
Yahoo
24-04-2025
- Business
- Yahoo
Why Baker Hughes Company (BKR) Lagged Performance on Wednesday
We recently published an article titled . In this article, we are going to take a look at where Baker Hughes Company (NASDAQ:BKR) stands against the other stocks. Wall Street's major indices finished in the green territory anew on Wednesday as worries about tariff policies and the Federal Reserve's independence tapered off following President Donald Trump's assurance that he had no intentions of ousting Jerome Powell. The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent. Ten companies, on the other hand, led the highest declines, booking modest losses during the trading session. In this article, we have identified Wednesday's 10 worst-performing stocks and detailed the reasons behind their lagging performance. To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in trading volume. A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset. Baker Hughes Company (NASDAQ:BKR) saw its share price decline by 6.44 percent on Wednesday to end at $35.89 each as investor sentiment was weighed down by the company's dismal earnings performance and cautious business outlook for the rest of the year. In the first quarter of the year, Baker Hughes Company (NASDAQ:BKR) saw net income drop by 12 percent to $402 million from $455 million in the same period a year earlier, while revenues ended flat at $6.4 billion. Looking ahead, the company tempered its outlook for the year amid macroeconomic challenges brought about by uncertainties in trade policies. 'We believe Baker Hughes is well-positioned to navigate near-term challenges and deliver sustainable growth in shareholder value,' said BKR Chairman and Chief Executive Officer Lorenzo Simonelli. Overall BKR ranks 6th on our list of the worst performing stocks on Wednesday. While we acknowledge the potential of BKR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BKR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
