AustralianSuper Pty Ltd has acquired a new stake in
Baker Hughes Company, while
Foundry Partners LLC increased its holdings and other firms, such as
Cwm LLC and
WealthTrust Asset Management LLC, also have significant positions in the company. Conversely, some companies like
Victory Capital Management Inc. have reduced their stake. The company recently signed a Memorandum of Understanding with
PETRONAS for Energy Collaboration in the Asia-Pacific region. In quarterly earnings news, Baker Hughes' first quarter earnings surpassed estimates but revenues fell short. The company is selling its sensor unit to
Crane for $1.15 billion and is launching a trio of electrification technologies. Furthermore, the company successfully secured a P&A services contract for North Sea Wells and concurrently made a strategic acquisition aimed at improving safety technology with
Continental Disc acquisition. Finally, the company's stock showed a positive outlook with an increase amidst a decline in U.S. rig count.
Baker Hughes Company BKR News Analytics from Mon, 06 Jan 2025 08:00:00 GMT to Sat, 19 Jul 2025 16:29:46 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -3
