Piper Sandler Issues Pessimistic Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Posted by Francis Steltz on Jul 14th, 2026

Baker Hughes (NASDAQ:BKR – Get Free Report) had its price target lowered by analysts at Piper Sandler from $72.00 to $71.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 23.14% from the stock’s previous close.

BKR has been the subject of several other reports. Capital One Financial upped their target price on Baker Hughes from $66.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Wolfe Research initiated coverage on Baker Hughes in a research report on Wednesday, July 8th. They set an “outperform” rating and a $70.00 price objective for the company. Evercore restated an “outperform” rating and set a $76.00 price objective on shares of Baker Hughes in a research note on Monday, April 27th. Citigroup increased their target price on Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Argus raised their target price on Baker Hughes from $67.00 to $79.00 in a research note on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $70.09.

Read Our Latest Report on Baker Hughes

Baker Hughes Trading Up 0.2%

NASDAQ BKR opened at $57.66 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. Baker Hughes has a one year low of $38.37 and a one year high of $70.41. The company has a 50-day simple moving average of $61.54 and a 200-day simple moving average of $59.31. The firm has a market capitalization of $57.20 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. Baker Hughes’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Baker Hughes will post 2.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $58.43, for a total value of $10,599,844.73. Following the transaction, the chief executive officer directly owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. This trade represents a 20.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total value of $326,751.36. Following the completion of the transaction, the chief accounting officer directly owned 15,997 shares in the company, valued at $1,027,327.34. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 367,910 shares of company stock worth $22,420,797 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Baker Hughes

Large investors have recently bought and sold shares of the business. Insight Wealth Strategies LLC grew its holdings in shares of Baker Hughes by 5.0% during the second quarter. Insight Wealth Strategies LLC now owns 100,692 shares of the company’s stock worth $5,419,000 after purchasing an additional 4,804 shares during the last quarter. Tema ETFs LLC lifted its position in Baker Hughes by 10.7% during the 2nd quarter. Tema ETFs LLC now owns 25,450 shares of the company’s stock worth $1,412,000 after buying an additional 2,465 shares in the last quarter. GoalVest Advisory LLC lifted its position in Baker Hughes by 7.2% during the 2nd quarter. GoalVest Advisory LLC now owns 40,643 shares of the company’s stock worth $2,256,000 after buying an additional 2,729 shares in the last quarter. Oliver Luxxe Assets LLC grew its holdings in Baker Hughes by 0.8% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 156,744 shares of the company’s stock worth $8,699,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Legacy Wealth Management LLC MS grew its holdings in Baker Hughes by 15.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 6,484 shares of the company’s stock worth $360,000 after acquiring an additional 858 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Company Profile

(Get Free Report)

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.