Baker Hughes (BKR) continues to surge on positive analyst reports and increased investments from various asset management firms, such as Oppenheimer Asset Management Inc. and NewEdge Wealth LLC. Ahmed Moghal takes over the CFO position, bolstering investor confidence that he'll deliver on the company's 20% EBITDA margin target.
Baker Hughes is showing promising long-term value due to its strong financial performance, including beating earnings expectations and declaring an increased quarterly dividend. The company also made strides within the energy sector, launching a fully electric subsea system designed to slash emissions. Additionally, a landmark contract with ExxonMobil was awarded to Baker Hughes, enabling the company to power a 500,000 daily barrel production surge. Partnership deals have also been struck, such as its collaboration with Hanwha to develop small-size ammonia turbines. The company's financials and strategic moves have led to it being recognised as a top growth, value, and momentum stock. Despite delivering record-breaking quarterly results, Baker Hughes' stock remains reasonably priced, attracting new investors. However, investors are warned to exercise due diligence before committing more heavily to the company's stock.
Baker Hughes Company BKR News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 01 Mar 2025 14:02:00 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
