As Baker Hughes (BKR, Financial) approaches its earnings announcement, there has been a significant increase in options trading activity. Current options volume is twice the typical levels, with a notable skew towards puts outpacing calls by a ratio of 9:2. This suggests a bearish sentiment among investors anticipating the company's upcoming financial results.
Market participants are pricing in an implied volatility that indicates a potential stock movement of approximately 5.1%, equivalent to a $1.94 shift in the share price following the earnings report. This projected fluctuation is notably higher than the company's average earnings-related move of 3.2% over the past eight quarters. Investors and analysts will be watching closely to see if the actual results align with these market expectations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Baker Hughes Co (BKR, Financial) is $49.74 with a high estimate of $58.00 and a low estimate of $40.00. The average target implies an upside of 29.88% from the current price of $38.30. More detailed estimate data can be found on the Baker Hughes Co (BKR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Baker Hughes Co's (BKR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Baker Hughes Co (BKR, Financial) in one year is $38.03, suggesting a downside of 0.7% from the current price of $38.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Baker Hughes Co (BKR) Summary page.
