Susquehanna Increases Baker Hughes (NASDAQ:BKR) Price Target to $56.00

Baker Hughes (NASDAQ:BKR) had its price objective raised by Susquehanna from $52.00 to $56.00 in a research report report published on Thursday,MarketScreener reports. The brokerage currently has a positive rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Cowen upped their target price on Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley boosted their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, Melius initiated coverage on Baker Hughes in a research note on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price objective for the company. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Baker Hughes Price Performance

Shares of BKR stock opened at $48.50 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The stock has a market capitalization of $47.82 billion, a PE ratio of 15.85, a PEG ratio of 2.21 and a beta of 0.99. Baker Hughes has a 52 week low of $33.60 and a 52 week high of $50.92. The stock’s fifty day moving average is $45.69 and its 200-day moving average is $41.22.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The business had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is currently 30.07%.

Insiders Place Their Bets

In other news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at $588,600. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,068 shares of company stock valued at $24,712,651 in the last three months. 0.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BKR. Vanguard Group Inc. raised its stake in shares of Baker Hughes by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 123,291,916 shares of the company’s stock valued at $4,727,012,000 after purchasing an additional 1,173,700 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Baker Hughes by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock worth $987,961,000 after acquiring an additional 397,984 shares during the last quarter. Norges Bank purchased a new position in shares of Baker Hughes in the 2nd quarter worth about $862,722,000. Artisan Partners Limited Partnership grew its position in Baker Hughes by 1.0% during the second quarter. Artisan Partners Limited Partnership now owns 16,677,718 shares of the company’s stock valued at $639,424,000 after acquiring an additional 167,095 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Baker Hughes by 18.9% in the 2nd quarter. Invesco Ltd. now owns 12,834,534 shares of the company’s stock valued at $492,076,000 after purchasing an additional 2,044,402 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.