Seaport Res Ptn Reduces Earnings Estimates for Baker Hughes

Key Points

• Seaport Res Ptn reduced Baker Hughes' Q2 2026 earnings per share estimate from $0.71 to $0.67, maintaining a "Hold" rating on the stock.
• Other analysts have varied target price adjustments, with Goldman Sachs lowering it to $41, while Barclays and BMO Capital Markets increased theirs to $53.
• Baker Hughes recently declared a quarterly dividend of $0.23 per share, resulting in an annualized yield of 2.02% for shareholders.

Baker Hughes Company (NASDAQ:BKR - Free Report) - Research analysts at Seaport Res Ptn decreased their Q2 2026 earnings per share estimates for shares of Baker Hughes in a research report issued on Tuesday, July 29th. Seaport Res Ptn analyst T. Curran now expects that the company will earn $0.67 per share for the quarter, down from their previous estimate of $0.71. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Baker Hughes' current full-year earnings is $2.59 per share. Seaport Res Ptn also issued estimates for Baker Hughes' 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.

A number of other research analysts also recently weighed in on the company. Industrial Alliance Securities set a $53.00 price target on Baker Hughes in a research note on Wednesday. TD Cowen increased their price target on Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Piper Sandler cut their price target on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Citigroup dropped their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group reaffirmed a "neutral" rating and set a $46.00 price objective (up previously from $43.00) 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.47.

Baker Hughes Trading Down 3.4%

Shares of BKR stock traded down $1.54 during trading hours on Thursday, reaching $43.51. The company had a trading volume of 7,323,705 shares, compared to its average volume of 8,645,018. The company has a 50 day moving average of $39.71 and a 200 day moving average of $41.01. 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 market cap of $42.90 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 5.35 and a beta of 0.94. Baker Hughes has a 1-year low of $32.25 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted 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. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%. The firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wayfinding Financial LLC bought a new position in shares of Baker Hughes in the first quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new stake in Baker Hughes in the 1st quarter valued at about $30,000. Golden State Wealth Management LLC lifted its stake in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. Grove Bank & Trust lifted its stake in 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 purchasing an additional 320 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in Baker Hughes by 132.9% in the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after purchasing an additional 465 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 667,593 shares in the company, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.92 annualized dividend and a yield of 2.1%. Baker Hughes's payout ratio is 30.07%.

Baker Hughes Company Profile

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.