Wells Fargo analyst Roger Read maintained a Hold rating on Baker Hughes Company (BKR – Research Report) yesterday and set a price target of $35.00. The company’s shares closed yesterday at $34.15.
Read covers the Energy sector, focusing on stocks such as Devon Energy, BP, and Coterra Energy. According to TipRanks, Read has an average return of 13.5% and a 67.98% success rate on recommended stocks.
Currently, the analyst consensus on Baker Hughes Company is a Strong Buy with an average price target of $40.70.
Based on Baker Hughes Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.83 billion and a net profit of $439 million. In comparison, last year the company earned a revenue of $5.91 billion and had a net profit of $183 million
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Baker Hughes Company (BKR) Company Description:
Texas-based Baker Hughes Co. provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).
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- Baker Hughes to supply Europe’s Snam with hydrogen-ready technology
