In a report released today, Tom Curran from Seaport Global reiterated a Buy rating on Baker Hughes Company (BKR – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $33.00.
According to TipRanks, Curran is an analyst with an average return of -4.2% and a 36.87% success rate. Curran covers the Energy sector, focusing on stocks such as Baker Hughes Company, NOV, and Dril-Quip.
Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $41.06, representing a 24.42% upside. In a report released today, Jefferies also assigned a Buy rating to the stock with a $43.00 price target.
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).
Read More on BKR:
- Baker Hughes Company Sparks Interest with Informal Update
- Baker Hughes Declares Quarterly Dividend
- Baker Hughes to supply equipment for third phase of Saudia Arabia’s MGS
- Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of Saudi Arabia’s Master Gas System
- Baker Hughes reports U.S. rig count up 2 to 619 rigs
