Baker Hughes is ‘pleased’ it can buy back stock GE is selling [Yahoo! Finance News]
Baker Hughes Company (BKR)
Company Research
Source: Yahoo! Finance News
Shares of Baker Hughes Co. rose Friday, after the oilfield products and services company announced plans to buy back stock for the first time in a year, with the aim of helping sop up what General Electric Co. is selling.Baker Hughes said its board of directors has authorized the company, through Baker Hughes Holdings LLC (BHH), torepurchase up to $2 billion worth of stockThe stock, , , The stock has now climbed 6.6% since it reportedsecond-quarter resultsIf the company repurchases shares in the current third quarter, it would be the first time it has done so since the third-quarter of 2020, according to filings with the Securities and Exchange Commission.“We are pleased that Baker Hughes’ strong balance sheet and robust cash flow profile, which enables us to not only return value to shareholders through our regular quarterly dividend and share repurchases, but also enables us to invest for growth and position for new frontiers to lead the energy transitio
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BKR
News
- Baker Hughes (NASDAQ: BKR) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.MarketBeat
- Baker Hughes (BKR) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Baker Hughes (BKR) Tops Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- WESTERN ENERGY SERVICES CORP. RELEASES FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS [Yahoo! Finance]Yahoo! Finance
- Baker Hughes Company Announces First-Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
BKR
Earnings
- 4/23/24 - Beat
BKR
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/9/24 - Form 4
- BKR's page on the SEC website