(BKR) Baker Hughes - Ratings and Ratios

Baker Hughes Company is a global supplier of technologies and services to the energy and industrial sectors, operating through two main segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment provides a comprehensive range of products and services for onshore and offshore oilfield operations, including drilling, completions, and production. This segment serves a diverse customer base, including major oil and gas companies, independents, and national oil companies. The IET segment provides gas technology equipment, including drivers, driven equipment, and turnkey solutions, as well as inspection services, pumps, valves, and gears, and condition monitoring solutions, catering to various energy sectors such as oil and gas, LNG, and petrochemical.

From a market perspective, Baker Hughes Company has undergone significant changes, having been formerly known as Baker Hughes, a GE company, before changing its name to Baker Hughes Company in October 2019. The company is headquartered in Houston, Texas, and is listed on the NASDAQ under the ticker symbol BKR. As a leading player in the Oil & Gas Equipment & Services sub-industry, BKRs performance is closely tied to the overall health of the energy sector.

Analyzing the provided technical data, we see that the stock is currently trading at $37.32, slightly above its 20-day Simple Moving Average (SMA) of $37.10. The 50-day SMA is at $38.24, and the 200-day SMA is at $39.69, indicating a potential downtrend. The Average True Range (ATR) is 1.03, representing a 2.76% daily volatility. Given the current support and resistance levels, a potential trading range is between $37.3 and $43.0. With the current price near the lower end of this range, there is a possibility of a bounce-back or consolidation.

From a fundamental standpoint, Baker Hughes Company has a market capitalization of $37.44 billion and a Price-to-Earnings (P/E) ratio of 12.90, with a forward P/E of 15.72. The Return on Equity (RoE) stands at 17.81%, indicating a relatively healthy profitability. Considering the current technical and fundamental data, a forecast for BKR could be that the stock may experience a moderate recovery in the short term, potentially testing the resistance level at $43.0. However, a sustained break above this level would require a significant improvement in the overall energy sector outlook. Conversely, a failure to hold the current support level at $37.3 may lead to a further decline towards the next support at $35.1.