Baker Hughes Company (NASDAQ:BKR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Baker Hughes Company (NASDAQ:BKR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $49.11.

Several research firms have recently issued reports on BKR. Stifel Nicolaus set a $50.00 price target on shares of Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. Piper Sandler dropped their price target on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Barclays dropped their target price on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Susquehanna reduced their price target on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.

Baker Hughes Trading Down 0.7%

BKR opened at $38.06 on Monday. The stock has a market cap of $37.71 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 4.05 and a beta of 0.91. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. Baker Hughes has a twelve month low of $32.25 and a twelve month high of $49.40. The company has a fifty day moving average of $37.48 and a 200-day moving average of $41.08.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. On average, sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.42%. Baker Hughes's dividend payout ratio (DPR) is 31.40%.

Hedge Funds Weigh In On Baker Hughes

A number of large investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in Baker Hughes by 94.2% during the 4th quarter. Private Advisor Group LLC now owns 17,658 shares of the company's stock valued at $724,000 after buying an additional 8,565 shares in the last quarter. IFP Advisors Inc raised its position in shares of Baker Hughes by 78.7% in the 4th quarter. IFP Advisors Inc now owns 1,297 shares of the company's stock valued at $53,000 after purchasing an additional 571 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Baker Hughes by 4.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 29,424 shares of the company's stock worth $1,207,000 after purchasing an additional 1,334 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Baker Hughes during the 4th quarter worth approximately $4,410,000. Finally, QRG Capital Management Inc. increased its stake in Baker Hughes by 8.1% during the 4th quarter. QRG Capital Management Inc. now owns 45,598 shares of the company's stock valued at $1,870,000 after purchasing an additional 3,423 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

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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