Baker Hughes (NASDAQ:BKR) Sets New 1-Year High - What's Next?

Key Points

• Baker Hughes' stock reached a new 52-week high of $49.60 during trading, closing at $49.58 with a trading volume of over 1.9 million shares.
• A consensus of analysts has rated Baker Hughes' stock as a "Moderate Buy" with a target price of $52.32, after several upgrades, including a new target of $60.00 from Melius Research.
• The company recently announced a quarterly dividend of $0.23 per share, yielding approximately 1.9%, with a payout ratio of about 30.07%.

Baker Hughes Company (NASDAQ:BKR - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $49.60 and last traded at $49.58, with a volume of 1916606 shares changing hands. The stock had previously closed at $47.67.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKR shares. Melius began coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price on the stock. Melius Research assumed coverage on shares of Baker Hughes in a research note on Wednesday, August 20th. They set a "buy" rating and a $60.00 target price for the company. Evercore ISI lifted their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $53.00 price target (up from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.32.

Baker Hughes Stock Up 2.6%

The firm's 50 day moving average is $44.27 and its two-hundred day moving average is $40.79. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock has a market cap of $48.24 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.15 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The business's revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 1.9%. Baker Hughes's payout ratio is presently 30.07%.

Insider Buying and Selling

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were 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 $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Baker Hughes in the first quarter worth approximately $28,000. Golden State Wealth Management LLC grew its stake in shares of Baker Hughes by 678.7% during the 1st 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. N.E.W. Advisory Services LLC bought a new position in shares of Baker Hughes during the 1st quarter worth $30,000. Grove Bank & Trust raised its holdings in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company's stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. 92.06% of the stock is currently 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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