GLOBALT Investments LLC GA, FIL Ltd and V Square Quantitative Management LLC have made significant stake purchases in Baker Hughes (NASDAQ:BKR). The performance of the stock on multiple days fell short when compared to competitors, but there were also instances of the company's stock outperforming the competition. Baker Hughes recently inked a well construction contract with Petrobras (PBR) and acquired a major contract for the Hassi R'Mel Project. The Q1 2024 Earnings Call Transcript revealed that the company surpassed revenue forecasts with solid year-on-year growth, beating profit estimates due to international demand while witnessing strong earnings growth and record adjusted EBITDA in Q4. It is now considered a promising value and growth stock for the long term. However, the stock experienced a 1.8% decrease since the last earnings report and declined 2.3% from the last earnings report, which may be opportunity for a rebound. A SWOT analysis reveals positive aspects of Baker Hughes, further strengthening its position. Overall, Baker Hughes appears to be doing the right things to increase its share price and is considered a potential turnaround play.
Baker Hughes Company BKR News Analytics from Wed, 13 Dec 2023 08:00:00 GMT to Sun, 16 Jun 2024 09:24:36 GMT -
Rating 5
- Innovation 0
- Information 8
- Rumor -4
