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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts have reported a mixed quarter for Baker Hughes Company, with soft revenues and a modest earnings beat. However, weak guidance and low-single-digit declines in the U.S. have caused a 5% drop in shares. Overall, it has been mentioned as the worst oil driller for a long time.

Consensus
Negative
Valuation
Undervalued
Similar
ExxonMobil Corporation, XOM-Q
DON'T BUY

Recently reported a mixed quarter: soft revenues and modest earnings beat. But guidance was weak: about 8-9% growth overseas but low-single-digit declines in the U.S. Shares have sunk 5%. This has been the worst oil driller for a long time.

oil / gas field services
COMMENT

You have to be careful. They issued a one-time special dividend to shareholders, so the $47 share price drop to $33 is artificial. When the deal first happened post the special dividend, the cost basis was something like $33-$35, so you might not be down as much as you think. He really likes this company here. The reports coming from Caterpillar/McDonald’s is that China is growing quite strong, which is going to help the demand side of the oil equation, and the combined entity of GE/Baker Hughes is now the 2nd largest in terms of revenue from the oil services business. For the long-term, this is a very compelling a holding.

oil / gas field services
WEAK BUY

GE-N is merging their oil and gas operations with them as their largest shareholder. As a Canadian investor, you get representation in the oil service area. They are more geographically dispersed than the Canadian industry.

oil / gas field services
PAST TOP PICK

(Top Pick Nov 29/16, Up 2.69%) Just before the OPEC production cuts were announced. They are forming a partnership with GE oil services. They will be second in size to Schlumberger after that deal. If it does not get consummated over the summer they will get a huge breakup fee from GE-N. It does not matter if the deal goes through or not, just if the price of oil collapses. Otherwise it is undervalued.

oil / gas field services
COMMENT

The oil service business has had its ups and downs, and was really reliant on drilling activity. Most of his exposure is in the Canadian market. He prefers Halliburton (HAL-N).

oil / gas field services
TOP PICK

Fairly recently acquired by General Electric (GE-N) to form an oil/gas partnership using the GE oil and gas service business. If you are a Baker Hughes shareholder, you get a one-time $17.50 dividend. This company has a really strong balance sheet. Presuming the deal is approved mid-2017, the new partnership will be the 2nd largest oil/gas service company in the world on a revenue basis. Thinks energy is starting to form a bottom. As long as oil prices don’t collapse, the combined entity will be very strong. If the deal doesn’t go through, this company will receive a break up fee, of about $1.3 billion. Dividend yield of 1.12%. (Analysts’ price target is $62.17.)

oil / gas field services
BUY

(Market Call Minute.) They are doing a deal with General Electric (GE-N) which is exciting. As an alternative, he would suggest Schlumberger (SLB-N).

oil / gas field services
DON'T BUY

He tends to screen stocks out after a merger starts. There will be a ticker for the new entity. He thinks Baker Hughes is overvalued. GE-N is potentially buying them at the bottom.

oil / gas field services
COMMENT

Being acquired by Halliburton (HAL-N). The oil service sector is not really a place you want to be in. If you own this, you might just as well accept the Halliburton offer as it is a larger, more liquid stock with a wider geographical range. Not an area that he likes.

oil / gas field services
WAIT

It is too early to be buying the oil services companies at this point. When oil prices stabilize this one will make a lot of sense.

oil / gas field services
BUY

The whole industry in North America is coming through a big revolution. People are expecting stability in margins but she is playing through Canadian companies (e.g. Canyon Services). Some pretty good momentum and reasonable valuation so you should do well in BHI.

oil / gas field services
RISKY

Large US service company, a play on US energy revolution, providing fracking services. 15 times earnings seems high but you can argue that it is fine. There is a potential they could make back some of the market share they lost.

oil / gas field services
COMMENT

Great company and one of the industry leaders. This is a Buy if you are looking out 2-3 years.

oil / gas field services
DON'T BUY
Not getting much traction because they are not living up to what the commodities are doing because there is fear that the commodity prices will not stick. Prefers Trans Ocean and Halliburton.
oil / gas field services
BUY
Likes this company. Would probably recommend Halliburton (HAL-N) first but this is fine. As oil prices go higher, it is the service companies that benefit, not necessarily the producers.
oil / gas field services
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Baker Hughes Company(BKR-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Baker Hughes Company is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Baker Hughes Company(BKR-Q) Frequently Asked Questions

What is Baker Hughes Company stock symbol?

Baker Hughes Company is a American stock, trading under the symbol BKR-Q on the NASDAQ (BKR). It is usually referred to as NASDAQ:BKR or BKR-Q

Is Baker Hughes Company a buy or a sell?

In the last year, 1 stock analyst published opinions about BKR-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Baker Hughes Company.

Is Baker Hughes Company a good investment or a top pick?

Baker Hughes Company was recommended as a Top Pick by on . Read the latest stock experts ratings for Baker Hughes Company.

Why is Baker Hughes Company stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Baker Hughes Company worth watching?

1 stock analyst on Stockchase covered Baker Hughes Company In the last year. It is a trending stock that is worth watching.

What is Baker Hughes Company stock price?

On 2024-04-12, Baker Hughes Company (BKR-Q) stock closed at a price of $33.405.