Baker Hughes (NASDAQ:BKR) Rating Lowered to "Hold" at Seaport Res Ptn

Key Points

• Baker Hughes has been downgraded from a "strong-buy" to a "hold" rating by Seaport Res Ptn, along with updated earnings estimates for Q2 to Q4 of 2026.
• Analyst price targets for Baker Hughes vary, with TD Securities lowering their target to $49.00 and Morgan Stanley raising it to $55.00, reflecting a mix of ratings among equity analysts.
• CEO Lorenzo Simonelli sold over 526,000 shares of Baker Hughes, reducing his ownership stake by 44.10%, raising concerns about insider confidence in the stock.

Baker Hughes (NASDAQ:BKR - Get Free Report) was downgraded by stock analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Baker Hughes' Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.72 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $2.64 EPS and FY2027 earnings at $3.20 EPS.

Other equities analysts have also recently issued reports about the stock. Piper Sandler cut their target price on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. TD Cowen boosted their price objective on shares of Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Susquehanna boosted their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.47.

Baker Hughes Stock Down 3.4%

Shares of NASDAQ:BKR traded down $1.54 during trading on Tuesday, hitting $43.51. 7,323,705 shares of the company were exchanged, compared to its average volume of 8,645,018. The stock has a market capitalization of $42.90 billion, a P/E ratio of 14.22, a PEG ratio of 5.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes has a 12-month low of $32.25 and a 12-month high of $49.40. The firm's 50 day moving average price is $39.71 and its 200-day moving average price is $41.01.

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 the consensus estimate of $0.55 by $0.08. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Insider Transactions at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.27% of the company's stock.

Institutional Trading of Baker Hughes

Several large investors have recently bought and sold shares of BKR. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes during the first quarter worth approximately $28,000. Golden State Wealth Management LLC grew its position 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 buying an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Baker Hughes during the first quarter worth approximately $30,000. Grove Bank & Trust grew its position 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 buying an additional 320 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company's stock worth $33,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

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.