Baker Hughes (NASDAQ:BKR – Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $52.00 to $53.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 9.59% from the stock’s previous close.
BKR has been the topic of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Barclays increased their target price on Baker Hughes from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. TD Cowen boosted their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Stifel Nicolaus lowered their price target on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Finally, Melius Research assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price target on the stock. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $52.36.
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Baker Hughes Price Performance
Baker Hughes stock opened at $48.36 on Tuesday. The business’s 50-day simple moving average is $45.59 and its 200 day simple moving average is $41.17. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $47.68 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 2.22 and a beta of 0.99. Baker Hughes has a 12-month low of $33.60 and a 12-month high of $50.92.
Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.
Insider Buying and Selling
In other news, CAO Rebecca L. Charlton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at $588,600. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 553,068 shares of company stock worth $24,712,651 over the last ninety days. Company insiders own 0.27% of the company’s stock.
Hedge Funds Weigh In On Baker Hughes
Large investors have recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in shares of Baker Hughes in the first quarter worth $28,000. Golden State Wealth Management LLC increased its stake in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes during the 1st quarter worth about $30,000. Grove Bank & Trust lifted its position in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after buying an additional 320 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Baker Hughes by 61.7% during the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after buying an additional 326 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.
Baker Hughes Company Profile
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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.
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