Baker Hughes Company (NASDAQ:BKR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Baker Hughes Company (NASDAQ:BKR - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-six research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.0870.

Several research firms recently weighed in on BKR. The Goldman Sachs Group dropped their price target on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Jefferies Financial Group set a $58.00 price target on Baker Hughes in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Baker Hughes from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. Melius Research began coverage on Baker Hughes in a research report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target on the stock. Finally, UBS Group lifted their price target on Baker Hughes from $46.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday.

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 553,068 shares of company stock valued at $24,712,651. 0.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baker Hughes

Hedge funds have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new stake in Baker Hughes in the first quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Baker Hughes in the first quarter worth $30,000. Golden State Wealth Management LLC raised its stake in shares of Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares during the last quarter. Grove Bank & Trust raised its stake in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management raised its stake in shares of Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after purchasing an additional 465 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Price Performance

Shares of BKR stock opened at $48.58 on Wednesday. The firm has a market cap of $47.89 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.23 and a beta of 0.99. Baker Hughes has a fifty-two week low of $33.60 and a fifty-two week high of $50.92. The business's 50 day moving average price is $45.80 and its 200-day moving average price is $41.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. 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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