Baker Hughes Company (BKR) has been a major player in financial news recently. The company has been noted as a
strong growth stock and maintains an
overweight recommendation from Barclays. The company
beat its profit estimates due to international demand and raised dividends, causing Brown Advisory Inc. to sell 46,034 shares. Its stock outperformed competition on various trading days, and it reported Q4 losses but topped revenue estimates. Meanwhile, the
stock of Baker Hughes underperformed compared to competitors on different occasions. BKR has recently reported strong earnings and revenue in Q1 2024, surpassing forecasts. Zacks Industry highlighted that BKR was among the top-ranked income stocks for July 16th and labelled it as a top-ranked value stock. Baker Hughes is anticipated to have major tailwinds in the energy transition, and the firm has partnered with Snam for hydrogen-ready tech. Despite these highlights, some investors have reduced their stakes, such as the Principal Financial Group and Nicholas Investment Partners LP.
Baker Hughes Company BKR News Analytics from Tue, 19 Sep 2023 15:06:17 GMT to Sat, 18 May 2024 20:12:54 GMT -
Rating 4
- Innovation 5
- Information 8
- Rumor 0
