Baker Hughes (NASDAQ:BKR) Stock Price Target Lowered at Barclays

Key Points

• Barclays lowered Baker Hughes’ price target from $72 to $62 while maintaining an “equal weight” rating, implying about 13.6% upside from the stock’s $54.58 price.
• Despite the downgrade, analyst sentiment remains positive overall: Baker Hughes has a “Moderate Buy” consensus rating and an average price target of $71.48.
• Baker Hughes reported quarterly EPS of $0.70 and revenue of $8.03 billion, beating estimates, while revenue rose 14.5% year over year. Strong orders and backlog growth support its outlook, although lower net income and delayed backlog conversion present near-term risks.

Baker Hughes (NASDAQ:BKR - Get Free Report) had its target price dropped by investment analysts at Barclays from $72.00 to $62.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 13.61% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of Baker Hughes from $75.00 to $72.00 and set a "buy" rating for the company in a report on Monday, October 19th. TD Cowen reaffirmed a "buy" rating on shares of Baker Hughes in a research note on Thursday. UBS Group lowered their price target on shares of Baker Hughes from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, September 30th. Jefferies Financial Group lowered their price target on shares of Baker Hughes from $80.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, September 29th. Finally, Stifel Nicolaus increased their price target on Baker Hughes from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.48.

Baker Hughes Price Performance

Shares of NASDAQ BKR traded down $0.09 during trading hours on Thursday, hitting $54.58. 1,668,081 shares of the stock were exchanged, compared to its average volume of 8,651,167. The company's fifty day simple moving average is $58.48 and its two-hundred day simple moving average is $59.99. The company has a market cap of $54.17 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.76 and a current ratio of 2.09. Baker Hughes has a 1-year low of $44.26 and a 1-year high of $70.41.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.75 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The company's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, sell-side analysts predict that Baker Hughes will post 2.57 EPS for the current year.

Institutional Investors Weigh In On Baker Hughes

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC increased its stake in Baker Hughes by 121.4% in the 2nd quarter. MCF Advisors LLC now owns 476 shares of the company's stock valued at $26,000 after buying an additional 261 shares during the last quarter. Latitude Advisors LLC purchased a new position in shares of Baker Hughes in the 3rd quarter worth approximately $27,000. Olistico Wealth LLC boosted its stake in shares of Baker Hughes by 209.4% in the 3rd quarter. Olistico Wealth LLC now owns 495 shares of the company's stock worth $27,000 after buying an additional 335 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Baker Hughes by 260.1% in the third quarter. Elevation Wealth Partners LLC now owns 497 shares of the company's stock valued at $27,000 after acquiring an additional 359 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new position in shares of Baker Hughes in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Trending Headlines about Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes reported third-quarter adjusted earnings of $0.70 per share and revenue of $8.03 billion, exceeding consensus estimates of $0.61 and $7.75 billion, respectively. Revenue increased 14.5% year over year. Baker Hughes Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Demand remains strong in the Industrial & Energy Technology segment. Third-quarter orders reached $10.8 billion, including $5.9 billion in IET orders, while total remaining performance obligations rose to $46.4 billion, with record IET RPO of $39.4 billion. The company raised its 2026 IET order outlook to $21.5 billion-$23.5 billion. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds
• Positive Sentiment: A major U.S. technology customer selected Baker Hughes’ power-generation and cooling systems for approximately 1.1 gigawatts of high-density AI computing capacity. The order includes turbines, generators, gearboxes and Chart dry-cooling equipment, strengthening the company’s exposure to data-center infrastructure. Major U.S. Technology Company Selects Baker Hughes Solutions
• Positive Sentiment: Baker Hughes also booked a significant Eni contract for subsea production systems and services for the Cronos gas development offshore Cyprus, adding to its energy-project backlog. Baker Hughes Wins Eni Cronos Contract
• Neutral Sentiment: The company maintained its longer-term Chart margin ambition of 22%-23% by the second half of 2028 and targets more than $50 billion of IET orders over its Horizon 2 planning period, but the timetable leaves substantial execution risk.
• Negative Sentiment: Underlying expectations were high, and reported third-quarter net income fell to $411 million, or $0.41 per share, from $609 million, or $0.61 per share, a year earlier. Management also indicated that some backlog conversion would be pushed beyond 2027, tempering the near-term benefit from the strong order pipeline. Baker Hughes Reports Lower Q3 Profit

Baker Hughes Company Profile

Baker Hughes Company NASDAQ: BKR is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company's oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.

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