Baker Hughes (BKR) is experiencing a myriad of transformations and market interactions. Several investment entities have adjusted their stock holdings in the company with NBC Securities Inc, Vest Financial and Baxter Bros among those that increased their holdings. On the other hand, Lmcg Investments and Rafferty Asset Management trimmed their stakes. A significant corporate development involves BKR forming a joint venture with Cactus, transferring 65% control of its Pressure Control Unit to Cactus. The deal is aimed at enhancing their global reach and bolster international presence. A slide in the US rig count has heightened volatility of BKR's stock. BKR's financial performance reports indicate that despite a certain degree of market uncertainty, the company remains resilient, even declaring dividends. Products are launching with BKR announcing a trio of electrification technologies for onshore and offshore operations and the supply of NovaLT™ gas turbines for Frontier. In terms of innovation, BKR has expanded its AI ventures and has also been given a 'Moderate Buy' consensus rating by analysts, reflecting potential growth and upside.
Baker Hughes Company BKR News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 13:30:10 GMT -
Rating 5.1
- Innovation 6.5
- Information 7.2
- Rumor -2.4
