BKR Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for BKR's price prediction for the next trading week:
Technical Analysis
The stock is currently trading at $44.59, showing a bullish momentum after recent consolidation. Key technical indicators suggest:
- Support level: $43.55
- Resistance level: $44.70 and $45.65
- The stock has formed a strong base around the $43-44 range
Recent News Impact
Leadership Change: BKR appointed Ahmed Moghal as new CFO, replacing Nancy Buese. This strategic move reflects the company's transformation progress and could provide positive momentum.
Financial Outlook:
- Targeting 20% EBITDA margin for OFSE segment in 2025
- Plans to return 60-80% of free cash flow to shareholders
- Strong Q4 2024 performance with adjusted EPS of $0.70 vs $0.63 estimate
Insider Trading Activity Recent insider activity shows former CFO Nancy Buese sold 80,000 shares at approximately $46.37 per share, which could signal some near-term caution.
Analyst Sentiment Strong bullish consensus among analysts:
- 19 "Strong Buy" ratings
- 1 "Moderate Buy" rating
- 3 "Hold" ratings
- Mean price target: $52.26 (11.2% upside potential)
- Street high target: $57 by TD Cowen
Price Prediction for Next Week
Based on technical analysis and recent developments:
- Base case (60% probability): $45.50-46.50
- Bullish case (25% probability): $47.00-48.00
- Bearish case (15% probability): $43.50-44.00
Trading Recommendation BUY with entry around current levels ($44.59) with:
- Initial target: $46.50
- Stop loss: $43.20 (-3.1%)
The combination of strong analyst sentiment, positive financial outlook, and technical support levels suggests an upward bias for next week's trading.
BKR Similar Chart Price Prediction
The price of BKR is predicted to go up 7.57%, based on the high correlation periods with VNDA. The similarity of these two price pattern on the periods is 92.65%.
BKR
VNDA
Up: 7.57%Similarity: 92.65%
BKR Revenue Forecast
BKR EPS Forecast
BKR FAQs
What is BKR revenue forecast for next quarter？
What is BKR eps forecast for next quarter？
BKR VS S&P500
Baker Hughes will realize a more profitable product mix as gas technology equipment orders yield higher service orders over time.
The firm's strong market share in several oilfield services specializations (such as directional drilling) will drive significant contract wins as well operators seek to maximize production efficiency.
High demand for liquid natural gas refineries over the next decade will ensure a robust project pipeline for Baker Hughes even if oil demand falls.
BKR Analyst's Forecast
Neil Mehta
Goldman Sachs
Strong Buy
2025-01-23
Price Target
$51 → $52
Upside
+13.89%
Goldman Sachs analyst Neil Mehta raised the firm's price target on Baker Hughes to $52 from $51 and keeps a Buy rating on the shares. The firm is cutting its FY24 EPS view by 3c to $2.29 ahead of Q4 results to reflect softer industry activity expectations but also remains positive on the stock given the company's diversified portfolio and idiosyncratic catalysts that should continue to support share outperformance, the analyst tells investors in a research note.
James West
Evercore ISI Group
Buy
2025-01-15
Price Target
$46 → $52
Upside
+13.65%
Lloyd Byrne
Jefferies
Strong Buy
2025-01-03
Price Target
$48 → $50
Upside
+17.14%
