In the last few weeks,
Baker Hughes (NASDAQ: BKR), a global oil field services company, has made significant strides. The entity recently announced strong
quarterly and full-year 2024 results due to impressive earnings growth, which was well received by various investors, prompting a surge in shareholder returns.
Proficio Capital Partners, Carrera Capital Advisors, Callan Family Office, Vestmark Advisory Solutions, and Smartleaf Asset Management are among the notable increase of investment firms bolstering their stakes in BKR. However, certain organizations like
Fisher Asset Management and Marathon Asset Management reduced their positions. Analysts continue to highlight BKR as one of the top energy stocks with significant potential in Oil Refinery, Liquefied Natural Gas (LNG), and Crude Oil markets. BKR also announced a
partnership with Frontier Infrastructure and
launched a fully electric subsea system aimed at reducing emissions, evidence of its commitment to a sustainable energy future. The appointment of a
new CFO marks a strategic shift, with ambitious target of a 20% EBITDA margin.
Baker Hughes Company BKR News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 17:04:00 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 2
