Weekly Analysts’ Ratings Updates for Baker Hughes (BKR)

A number of firms have modified their ratings and price targets on shares of Baker Hughes (NASDAQ: BKR) recently:

• 2/4/2025 – Baker Hughes had its price target raised by analysts at Barclays PLC from $51.00 to $55.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at Susquehanna from $53.00 to $55.00. They now have a “positive” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at Piper Sandler from $53.00 to $55.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at Wells Fargo & Company from $49.00 to $54.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $52.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at Royal Bank of Canada from $49.00 to $53.00. They now have an “outperform” rating on the stock.
• 2/3/2025 – Baker Hughes had its price target raised by analysts at Stifel Nicolaus from $48.00 to $54.00. They now have a “buy” rating on the stock.
• 1/23/2025 – Baker Hughes had its price target raised by analysts at The Goldman Sachs Group, Inc. from $51.00 to $52.00. They now have a “buy” rating on the stock.
• 1/15/2025 – Baker Hughes had its price target raised by analysts at Evercore ISI from $46.00 to $52.00. They now have an “outperform” rating on the stock.
• 1/8/2025 – Baker Hughes had its price target lowered by analysts at TD Cowen from $53.00 to $51.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Baker Hughes had its price target raised by analysts at Jefferies Financial Group Inc. from $48.00 to $50.00. They now have a “buy” rating on the stock.
• 12/19/2024 – Baker Hughes is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $53.00 price target on the stock.
• 12/18/2024 – Baker Hughes had its price target raised by analysts at Barclays PLC from $46.00 to $52.00. They now have an “overweight” rating on the stock.
• 12/18/2024 – Baker Hughes had its price target raised by analysts at Bank of America Co. from $42.00 to $48.00. They now have a “buy” rating on the stock.
• 12/17/2024 – Baker Hughes had its price target raised by analysts at Wells Fargo & Company from $42.00 to $49.00. They now have an “overweight” rating on the stock.

Baker Hughes Stock Up 2.6 %

Baker Hughes stock opened at $47.41 on Tuesday. The stock’s fifty day moving average is $43.49 and its two-hundred day moving average is $39.62. The stock has a market cap of $46.91 billion, a PE ratio of 15.91, a P/E/G ratio of 2.07 and a beta of 1.39. Baker Hughes has a 1-year low of $28.63 and a 1-year high of $49.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, sell-side analysts expect that Baker Hughes will post 2.57 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is 28.19%.

Insider Buying and Selling at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baker Hughes

Several institutional investors have recently made changes to their positions in BKR. JFS Wealth Advisors LLC grew its position in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC boosted its position in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Baker Hughes in the third quarter valued at $30,000. Finally, True Wealth Design LLC increased its position in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after buying an additional 829 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

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.