Baker Hughes Co

Baker Hughes (NASDAQ: BKR) provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). Baker Hughes Company is based in Houston, Texas.

Key Highlights:

• On January 26, 2022, the company has declared a cash dividend of USD 0.18 per share payable on February 18, 2022, to holders of record on February 7, 2022.
• The company's cash flow from operating activities was USD 773 million in Q4FY21 compared to USD 378 million in Q4FY20, indicating an increase in the company's cash position.
• The company has posted a net income of USD 294 million in Q4FY21 compared to USD 653 million in Q4FY20, down by 54.97% due to an increase in operating expenses.
• The company has posted revenue of USD 5.5 billion in Q4FY21 compared to USD 5.49 billion in Q4FY20 due to an increase in all four segments.
• Stock is leaning towards the higher band of the 52-week range of USD 28.40 to USD 18.75, moving towards the nearby resistance.

Stock Recommendation

Analysing the recent quarter numbers, rising sales, improved margins, and the movement of the stock towards the North make the valuations frothy, squeezing little margin of safety for the investors at current prices. Hence we suggest the investors keep an eye on the stock and its financials for the near term, before adding to their portfolio. We recommend a "Watch" rating on the stock at the current market price of USD 27.39 as of January 31, 2022, 12:27 PM ET.

One-Year Technical Price Chart (as of January 31, 2022, 12:27 PM ET). Analysis by Kalkine Group

*The reference data in this report has been partly sourced from REFINITIV.