In the energy sector,
Baker Hughes Company (BKR) has caught the eyes of experts and analysts. Despite periodic underperformance compared to competitors, the overall outlook suggests the likelihood of an uptick in
BKR's stock price, as inferred by Barclays. Several situations, such as
strong Q3 2024 financial results, a major
gas recovery deal with SOCAR, and
expansion in Namibia, signal a favourable trend. Their shares have been bought by significant firms like
Nomura Asset Management, and
Wells Fargo predicts a strong price appreciation. BKR's earnings and revenues beat estimates in Q2, and
Jim Cramer endorses their status as 'winning.' Simultaneously, insider actions like sales by
Lorenzo Simonelli and
CFO Nancy Buese are notable. BKR as a firm has
two potential catalysts within two years and also steps into innovation, with their
emissions abatement solution chosen and a
new digital capabilities development partnership with Repsol. Conversely, their five-year earnings trail the 18% YoY shareholder returns. Some investors also question BKR’s earnings.
Baker Hughes Company BKR News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Fri, 20 Dec 2024 18:28:20 GMT -
Rating 7
- Innovation 5
- Information 4
- Rumor -2
