Baker Hughes Co. has been consistently attracting institutional investors such as Benjamin F. Edwards & Company Inc, Retirement Systems of Alabama, and Victory Capital Management Inc. Furthermore, this energy technology firm is reportedly underpinning Saudi Arabia's gas infrastructure. Financial advisors like Stifel have maintained a 'Buy' recommendation for Baker Hughes. The company's
consistent profit topples estimates mainly due to international demand. Also,
Baker Hughes has periodically increased its dividend. With robust revenue estimates, regular daily gains, and a bullish long-term growth perspective, the company can be seen as a reliable income stock. Remarkably, Baker Hughes has exceeded expectations with strong year-over-year Earnings and revenues, highlighted in Q1 and Q2.
Baker Hughes's record for
adjusted EBITDA and year-over-year earnings growth appears impressive as well. Analysts have set the stock's PT at $40.94. Conclusively, the company's financial prospects, and its absolute and relative performance render it a promising investment for the long term.
Baker Hughes Company BKR News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 11:14:48 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -2
