Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Baker Hughes Co before investing.

In this article, we go over a few key elements for understanding Baker Hughes Co’s stock price such as:

• Baker Hughes Co’s current stock price and volume
• Why Baker Hughes Co’s stock price changed recently
• Upgrades and downgrades for BKR from analysts
• BKR’s stock price momentum as measured by its relative strength

About Baker Hughes Co (BKR)

Before we jump into Baker Hughes Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Baker Hughes Company is an energy technology company. The Company?s segments include Oilfield Services & Equipment (OFSE), and Industrial & Energy Technology (IEM). The OFSE segment designs and manufactures products and provides services for onshore and offshore oil and gas operations across the lifecycle of a well, including exploration, drilling, evaluation, completion, production, intervention and abandonment. The OFSE segment is organized into four product lines, including Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea and Surface Pressure Systems. The IEM segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry, including oil and gas, liquefied natural gas operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. It also provides equipment, software, and services.

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Baker Hughes Co’s Stock Price as of Market Close

As of November 16, 2023, 4:00 PM, CST, Baker Hughes Co’s stock price was $33.24.

Baker Hughes Co is down 4.1% from its previous closing price of $34.66.

During the last market session, Baker Hughes Co’s stock traded between $34.48 and $35.19. Currently, there are 1,009.00 million shares of Baker Hughes Co stock available for purchase.

Baker Hughes Co’s price-earnings (P/E) ratio is currently at 20.9, which is high compared to the Oil & Gas - Related Services and Equipment industry median of 19.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Baker Hughes Co Stock Price History

Baker Hughes Co’s (BKR) price is currently down 3.43% so far this month.

During the month of November, Baker Hughes Co’s stock price has reached a high of $35.71 and a low of $32.76.

Over the last year, Baker Hughes Co has hit prices as high as $37.58 and as low as $26.12. Year to date, Baker Hughes Co’s stock is up 38.15%.

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What Caused Baker Hughes Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 15, 2023, there were 6 analysts who downgraded Baker Hughes Co’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Baker Hughes Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Baker Hughes Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Baker Hughes Co’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Baker Hughes Co (BKR) by visiting AAII Stock Evaluator.

Relative Price Strength of Baker Hughes Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 15, 2023, Baker Hughes Co has a weighted four-quarter relative price strength of -0.60%, which translates to a Momentum Score of 70 and is considered to be Strong.

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Baker Hughes Co Stock Price: Bottom Line

As of November 16, 2023, Baker Hughes Co’s stock price is $33.24, which is down 4.1% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Baker Hughes Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.