Baker Hughes Company (NASDAQ:BKR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $69.1364.
A number of analysts have commented on the company. TD Cowen boosted their target price on Baker Hughes from $64.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Barclays reiterated an “equal weight” rating and set a $74.00 target price (up from $62.00) on shares of Baker Hughes in a research report on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 target price on shares of Baker Hughes in a research report on Sunday, April 26th. Evercore reiterated an “outperform” rating and set a $76.00 target price on shares of Baker Hughes in a research report on Monday, April 27th. Finally, BMO Capital Markets boosted their target price on Baker Hughes from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th.
Read Our Latest Stock Report on Baker Hughes
Insider Buying and Selling at Baker Hughes
Institutional Investors Weigh In On Baker Hughes
Several institutional investors and hedge funds have recently modified their holdings of BKR. Wealth High Governance Capital Ltda purchased a new position in Baker Hughes in the first quarter valued at about $2,146,000. Wealth High Governance Asset Management Ltda. bought a new position in Baker Hughes during the 1st quarter worth approximately $1,813,000. Rathbones Group PLC raised its position in shares of Baker Hughes by 99.2% during the 1st quarter. Rathbones Group PLC now owns 17,969 shares of the company’s stock worth $1,097,000 after purchasing an additional 8,950 shares during the period. Parallel Advisors LLC raised its position in shares of Baker Hughes by 15.2% during the 1st quarter. Parallel Advisors LLC now owns 13,421 shares of the company’s stock worth $819,000 after purchasing an additional 1,772 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Baker Hughes by 54.9% during the 1st quarter. NewEdge Advisors LLC now owns 59,390 shares of the company’s stock worth $3,626,000 after purchasing an additional 21,047 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.
Baker Hughes Price Performance
Baker Hughes stock opened at $58.41 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77. Baker Hughes has a 1-year low of $37.38 and a 1-year high of $70.41. The company has a market cap of $57.95 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The stock’s 50 day moving average price is $64.02 and its 200 day moving average price is $58.25.
Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The firm had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Baker Hughes will post 2.31 EPS for the current fiscal year.
Baker Hughes Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 5th. Baker Hughes’s dividend payout ratio is currently 29.39%.
Baker Hughes Company Profile
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.
Read More
- Five stocks we like better than Baker Hughes
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter.
