Baker Hughes Company (BKR)
41.31 USD -1.20 (-2.82%) Volume: 7.34M
Baker Hughes Company’s stock price is currently valued at 41.31 USD, experiencing a drop of -2.82% this trading session with a trading volume of 7.34M, yet showcasing a robust YTD increase of +20.86%, underlining its dynamic market performance.
Latest developments on Baker Hughes Company
Today, Baker Hughes stock price saw movements despite losses as US drillers added oil and gas rigs for the first time in 8 weeks. The company’s US oil rig count increased by five to 483, showcasing a positive trend in the industry. Additionally, Baker Hughes, along with OneSubsea and Constellation, signed up for subsea and drilling jobs at Brazilian oil fields, indicating a strategic expansion in the market. Despite international rig count slumping in November, Baker Hughes continues to outperform competitors. Moreover, the company’s collaboration with AIQ, ADNOC, and CORVA on an AI-ROP optimization project highlights their commitment to innovation and efficiency in the sector through the engageSPC digital platform.
A look at Baker Hughes Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Baker Hughes has a positive long-term outlook. With high scores in Growth and Resilience, the company is positioned well for future success in the oilfield products and services sector. This indicates that Baker Hughes is likely to experience strong growth and demonstrate resilience in the face of market challenges, making it a promising investment opportunity for those looking for stability and potential for expansion.
Baker Hughes also received high scores in Value, Dividend, and Momentum, further solidifying its overall positive outlook. These scores suggest that the company offers good value for investors, pays out reliable dividends, and has positive momentum in the market. With its diverse range of offerings and global presence in the oil and gas industries, Baker Hughes appears to be a strong player in the market with a bright future ahead.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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