Baker Hughes Company (NASDAQ:BKR) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Baker Hughes Company (NASDAQ:BKR) has received an average rating of "Moderate Buy" from 23 brokerage firms, with a consensus price target of $52.29.
• CEO Lorenzo Simonelli sold over 526,000 shares of the company, representing a 44.10% decrease in his ownership.
• The firm reported $0.63 earnings per share in its latest quarterly results, exceeding analysts' expectations of $0.55, while revenue fell 3.2% year-over-year.

Shares of Baker Hughes Company (NASDAQ:BKR - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.2857.

BKR has been the topic of a number of recent research reports. Jefferies Financial Group set a $58.00 price objective on shares of Baker Hughes in a research note on Wednesday, July 30th. The Goldman Sachs Group dropped their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Industrial Alliance Securities set a $53.00 price objective on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, Melius initiated coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective on the stock.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the transaction, the chief executive officer directly owned 667,593 shares in the company, valued at $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Baker Hughes during the first quarter worth about $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Baker Hughes during the first quarter worth about $30,000. Golden State Wealth Management LLC increased its stake in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after acquiring an additional 604 shares during the period. Grove Bank & Trust increased its stake in shares of Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares during the period. Finally, Spire Wealth Management increased its stake in shares of Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after acquiring an additional 465 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Shares of BKR opened at $46.49 on Friday. Baker Hughes has a 1-year low of $33.13 and a 1-year high of $49.40. The stock has a market cap of $45.83 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The firm has a fifty day moving average price of $43.40 and a 200 day moving average price of $40.66.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Baker Hughes's quarterly 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, sell-side analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. Baker Hughes's payout ratio is currently 30.07%.

About Baker Hughes

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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