Baker Hughes Company (BKR) demonstrates substantial potential both for long-term value and growth. Despite some daily losses, it regularly outperforms competitors on strong trading days, placing it among hedge funds' top American Energy stocks for investment.
Positive forecasts for the
BKR stock price are issued by Jefferies Financial Group and Barclays among others. Various stakeholders view its future with optimism; Everence Capital Management Inc., The Principal Financial Group Inc., and Nomura Asset Management Co. Ltd., increased their holdings in BKR while Sanctuary Advisors LLC and Toronto Dominion Bank did the same.
The company exhibits impressive financial results, with its Q2 and Q3 2024 earnings beating estimates. It declared a quarterly dividend of $0.21, making it attractive in terms of long-term income.
BKR has secured multiple major equipment orders, including a massive LNG equipment order for a Louisiana project and the largest integrated compressor line order in the company's history, indicating robust operational prospects. It has also expanded in Namibia with new oil and gas facilities and successfully signed a major gas recovery deal with SOCAR. Innovatively, it launched CarbonEdge to revolutionize CCUS operations.
Baker Hughes Company BKR News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Fri, 03 Jan 2025 19:00:47 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
