Baker Hughes (BKR) has been a focal point in market discussions, seeing considerable shifts in its share ownership and earning recommendations. Legal & General Group Plc saw value in BKR with a recent acquisition of 692,859 shares while the Public Sector Pension Investment Board
sold 1,046,074 shares. Institutions such as Envestnet Asset Management and Bokf Na have also reduced their shareholdings. Despite these mixed behaviours, Morgan Stanley maintained its
Overweight Recommendation on the company’s stock, mirroring sentiment from various
analysts who consider it a 'Moderate Buy'.
BKR has recently announced financial results with steady growth in
earnings and revenue. The company's
stock performance is allegedly superior compared to other Oil & Gas equipment and Service stocks, gaining momentum and being recognised for its value. Two significant catalysts for the company in the coming two years have been identified and a variety of announcements were made which suggest strategic shifts are ongoing. For instance, leadership changes aiming for growth and customer success were unveiled, alongside a new initiative named
CarbonEdge designed to revolutionize CCUS operations. Their
hydrogen measurement solutions also stirred interest. Amidst these changes,
short interest in Baker Hughes has risen by 7.8%.
Baker Hughes Company BKR News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 10:32:36 GMT -
Rating 6
- Innovation 2
- Information 6
- Rumor -2
