Baker Hughes Company (BKR) has garnered attention as one of the
best affordable stocks under $40. Notably,
Principal Financial Group Inc. and
the Bank of New York Mellon Corp have sold their shares in BKR. Despite that, BKR's stock has been flagged as a top value and top growth stock for the long-term. The company has largely benefitted from increases in drilling, contributing to its reputation as one of the top three oilfield service companies. This growth is no surprise as BKR recently won a strategic award to enhance Azerbaijan oilfields and secured a
multi-year services frame agreement with Woodside Energy in support of Australian LNG operations. BKR reported a dip in the US oil and gas rig count, but it remains a strong momentum stock. According to
HB Wealth Management LLC and several market participants, BKR's stock performance mirrors its financial health. The company has notable gains in earning and revenue estimates, beating Q2 expectations. Favourable financial performances have also been reflected in successive quarterly results. Despite underperforming slightly compared to competitors on certain days, BKR has posted decent returns of 88% over the last three years. Beyond these noteworthy achievements, the company has contributed $400,000 to historically black colleges and universities through the Baker Hughes Foundation.
Baker Hughes Company BKR News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 13:07:49 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
