Baker Hughes Company (NYSE:BKR) – Equities research analysts at Piper Sandler raised their Q4 2020 earnings per share (EPS) estimates for Baker Hughes in a research note issued to investors on Thursday, June 25th. Piper Sandler analyst B. Herbert now anticipates that the company will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.10. Piper Sandler has a “Overweight” rating and a $15.00 price target on the stock. Piper Sandler also issued estimates for Baker Hughes’ Q2 2021 earnings at $0.11 EPS, Q3 2021 earnings at $0.15 EPS and FY2021 earnings at $0.58 EPS.
Baker Hughes (NYSE:BKR) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Baker Hughes had a negative net margin of 42.77% and a positive return on equity of 1.53%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Baker Hughes in a research report on Tuesday, June 23rd. Citigroup upped their price target on shares of Baker Hughes from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. UBS Group upped their price target on shares of Baker Hughes from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Stephens upped their price target on shares of Baker Hughes from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Cowen upped their price target on shares of Baker Hughes from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, June 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Baker Hughes presently has a consensus rating of “Buy” and an average price target of $17.68.
Shares of BKR opened at $14.85 on Monday. The company has a 50 day moving average price of $15.81 and a 200-day moving average price of $17.71. Baker Hughes has a fifty-two week low of $9.12 and a fifty-two week high of $25.99. The stock has a market capitalization of $15.16 billion, a PE ratio of -0.96, a PEG ratio of 9.56 and a beta of 1.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.44.
A number of institutional investors have recently modified their holdings of BKR. State Street Corp purchased a new stake in Baker Hughes during the first quarter worth $361,242,000. State of New Jersey Common Pension Fund D acquired a new stake in Baker Hughes during the first quarter worth about $4,771,000. Finally, AXA acquired a new stake in shares of Baker Hughes during the first quarter valued at about $199,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 4.85%. Baker Hughes’s payout ratio is 84.71%.
About Baker Hughes
Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas and oilfield service companies.
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