Baker Hughes Company (BKR) to Issue Quarterly Dividend of $0.18 on August 21st

Baker Hughes Company (NYSE:BKR) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.18 per share on Friday, August 21st. This represents a $0.72 dividend on an annualized basis and a yield of 4.65%.

NYSE:BKR opened at $15.49 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.39. The company has a market cap of $15.83 billion, a P/E ratio of -0.98, a P/E/G ratio of 7.10 and a beta of 1.73. Baker Hughes has a fifty-two week low of $9.12 and a fifty-two week high of $25.99. The firm’s 50 day moving average is $15.54 and its two-hundred day moving average is $16.25.

Baker Hughes (NYSE:BKR) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). Baker Hughes had a negative net margin of 46.03% and a positive return on equity of 1.27%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.69 billion. Research analysts forecast that Baker Hughes will post 0.22 earnings per share for the current fiscal year.

BKR has been the subject of several recent analyst reports. Northland Securities reissued a “hold” rating and set a $17.00 price objective on shares of Baker Hughes in a report on Monday, July 27th. Cfra cut their price objective on shares of Baker Hughes from $24.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Sanford C. Bernstein upgraded shares of Baker Hughes from an “underperform” rating to an “outperform” rating and dropped their price target for the stock from $20.40 to $15.30 in a research report on Monday, April 6th. Cowen boosted their price target on shares of Baker Hughes from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, June 19th. Finally, Stephens boosted their price target on shares of Baker Hughes from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.07.

Baker Hughes Company Profile

Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas and oilfield service companies.

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Dividend History for Baker Hughes (NYSE:BKR)

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