The Baker Hughes Company (BKR) has seen strong financial fundamentals with a potential for growth overlooked by the market. While concerns have been raised regarding the company's debt, it remains an attractive pick for investors like Louis Navellier, with anticipated earnings per share of 48 cents. Q1 earnings reports are expected soon. The company's stock value benefits from a 10.7% jump, with further growth projected. Sagespring Wealth Partners LLC has invested $523,000 in BKR, with a few analysts suggesting a price target cut to $48.00. Other significant investments include those by CenterBook Partners LP and Fmr LLC. Recent developments include securing major contracts with Petrobras and in Dubai, focusing on advanced drilling and energy storage innovation. The company delivered a record-breaking quarter and has joined the effort for carbon capture and power solutions expansion. Appointments like Ahmed Moghal as CFO and increased quarterly dividends reinforce growth targets. BKR also announced collaborations with companies like Woodside Energy and NextDecade for LNG expansion. BKR expects to power ExxonMobil's 500,000 daily barrel production surge in Guyana.
Baker Hughes Company BKR News Analytics from Fri, 18 Oct 2024 07:00:00 GMT to Sat, 19 Apr 2025 13:01:58 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -5
