Baker Hughes (NASDAQ:BKR – Get Free Report) announced its quarterly earnings results on Sunday. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13, FiscalAI reports. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share.
Baker Hughes Price Performance
Shares of NASDAQ:BKR opened at $60.59 on Tuesday. The company has a market cap of $60.11 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.38 and a beta of 0.96. The business has a 50 day moving average price of $59.89 and a 200 day moving average price of $60.05. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. Baker Hughes has a twelve month low of $41.96 and a twelve month high of $70.41.
Baker Hughes Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, August 7th. This represents a $0.92 annualized dividend and a yield of 1.5%. Baker Hughes’s dividend payout ratio is presently 29.39%.
Trending Headlines about Baker Hughes
- Positive Sentiment: Baker Hughes reported second-quarter adjusted EPS of $0.64, exceeding the $0.51 consensus estimate, while revenue of $6.74 billion also topped expectations. Revenue increased 2.4% year over year, helping reinforce confidence in the company’s earnings momentum. Baker Hughes beats Q2 profit estimates
- Positive Sentiment: Orders reached $10.5 billion, including a record $7.1 billion in IET orders, while total remaining performance obligations rose to $40.1 billion. The backlog provides visibility into future revenue and supports the company’s stronger 2026 outlook. Baker Hughes Announces Second-Quarter 2026 Results
- Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana. The contract strengthens Baker Hughes’ exposure to LNG infrastructure and rising power demand tied partly to data centers. Baker Hughes LNG technology order
- Positive Sentiment: Wall Street Zen upgraded BKR to “Buy,” adding to the favorable reaction to the earnings beat and operational strength. The company also declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7. Baker Hughes upgraded to Buy
- Neutral Sentiment: Management expects third-quarter revenue of approximately $6.9 billion, broadly matching analyst expectations, suggesting stable near-term execution rather than a major forecast upgrade.
- Neutral Sentiment: Analysts remain constructive on Baker Hughes’ long-term LNG, industrial technology and AI-related power exposure, although some view the shares as fairly valued after their recent strength. Baker Hughes valuation analysis
- Negative Sentiment: Baker Hughes expects global oil-and-gas producer spending to decline modestly in 2026. Lower spending in Europe and the Middle East is expected to offset growth in Latin America, offshore Africa and North American land activity. Baker Hughes flags lower producer spending
- Negative Sentiment: Unusually heavy put-option activity indicates some traders are positioning for downside or hedging risk, while weaker drilling activity linked to Middle East disruptions remains a near-term headwind.
Insider Activity at Baker Hughes
In other news, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total value of $10,599,844.73. Following the sale, the chief executive officer owned 703,444 shares in the company, valued at approximately $41,102,232.92. This trade represents a 20.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total transaction of $326,751.36. Following the completion of the sale, the chief accounting officer owned 15,997 shares in the company, valued at approximately $1,027,327.34. The trade was a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 367,910 shares of company stock worth $22,420,797. Company insiders own 0.19% of the company’s stock.
Hedge Funds Weigh In On Baker Hughes
Several large investors have recently bought and sold shares of the stock. Wealthspire Advisors LLC raised its position in shares of Baker Hughes by 101.2% during the fourth quarter. Wealthspire Advisors LLC now owns 6,118 shares of the company’s stock valued at $279,000 after buying an additional 3,077 shares during the last quarter. Legacy Capital Wealth Management LLC bought a new stake in shares of Baker Hughes in the fourth quarter valued at about $248,000. Beacon Pointe Advisors LLC grew its position in Baker Hughes by 13.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 5,383 shares of the company’s stock worth $245,000 after buying an additional 640 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Baker Hughes by 10.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,078 shares of the company’s stock worth $231,000 after buying an additional 492 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Baker Hughes by 13.8% during the fourth quarter. Wedbush Securities Inc. now owns 4,959 shares of the company’s stock valued at $226,000 after acquiring an additional 600 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BKR. UBS Group raised their price objective on Baker Hughes from $69.00 to $73.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Argus upped their target price on Baker Hughes from $67.00 to $79.00 in a research report on Friday, May 1st. Piper Sandler lowered their price target on Baker Hughes from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Stifel Nicolaus lifted their price target on shares of Baker Hughes from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Wolfe Research started coverage on shares of Baker Hughes in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $70.00 price objective for the company. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.
Check Out Our Latest Stock Report on BKR
About Baker Hughes
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.
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