BKR Stock - Michael Baker Corp.

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Baker Hughes Co (BKR) is a global oilfield services company that provides technology, equipment, and services to the oil and gas industry worldwide. The company operates in over 120 countries and serves a broad range of customers, including oil and gas companies, independent operators, and national oil companies.

In terms of financial performance, Baker Hughes reported total revenue of $20.1 billion in 2021, an increase of 20% compared to the previous year. The company also reported net income of $1.1 billion in 2021, compared to a net loss of $11.6 billion in 2020. The EPS for Baker Hughes in 2021 was $1.60, compared to a loss per share of $16.18 in the previous year.

Over the past year, BKR stock has been trading in the range of $16.70 to $29.24 per share, and as of the close of trading on February 18, 2023, the stock price was $21.29 per share. The company currently pays an annual dividend of $0.84 per share, which represents a yield of approximately 3.95% based on the current stock price.

In recent years, Baker Hughes has been focusing on digital transformation and developing innovative technologies to improve efficiency and sustainability in the oil and gas industry. The company has also been expanding its offerings in renewable energy and investing in low-carbon technologies. Despite challenges faced by the oil and gas industry, Baker Hughes has shown resilience and continues to adapt to changing market conditions.

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