Royal Bank Of Canada Boosts Baker Hughes (NASDAQ:BKR) Price Target to $68.00

Key Points

• Royal Bank of Canada raised its price target on Baker Hughes to $68.00 from $63.00 and maintained an "outperform" rating, implying about a 10.37% upside from the stock's current price.
• Several other analysts also bumped targets (e.g., Susquehanna to $70, UBS to $69, Jefferies to $67), and the stock has a consensus rating of Moderate Buy with a consensus target of $61.17 (20 Buys, 2 Holds).
• Fundamental and strategic catalysts cited include a Q4 beat on EPS and revenue, a major San Matias pipeline order that boosts near-term backlog, and the announced sale of Waygate Technologies for about $1.45 billion, which should strengthen the balance sheet.

Baker Hughes (NASDAQ:BKR - Get Free Report) had its price target boosted by stock analysts at Royal Bank Of Canada from $63.00 to $68.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 10.37% from the stock's current price.

Several other equities research analysts have also weighed in on the company. Susquehanna boosted their target price on Baker Hughes from $65.00 to $70.00 and gave the stock a "positive" rating in a report on Tuesday, April 7th. Capital One Financial lifted their price target on shares of Baker Hughes from $60.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group boosted their price objective on shares of Baker Hughes from $61.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. Jefferies Financial Group upped their price objective on shares of Baker Hughes from $59.00 to $67.00 and gave the stock a "buy" rating in a report on Saturday, January 31st. Finally, TD Cowen raised their target price on shares of Baker Hughes from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, January 27th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.17.

Baker Hughes Trading Down 1.5%

Baker Hughes stock opened at $61.61 on Tuesday. Baker Hughes has a one year low of $34.56 and a one year high of $67.00. The company's fifty day moving average price is $60.90 and its two-hundred day moving average price is $52.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00. The company has a market capitalization of $60.89 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.75 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.11. The company had revenue of $7.39 billion during the quarter, compared to analysts' expectations of $7.09 billion. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Insider Activity at Baker Hughes

In other news, Director William G. Beattie sold 18,023 shares of the company's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total transaction of $1,032,537.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lorenzo Simonelli sold 272,594 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the completion of the sale, the chief executive officer owned 866,444 shares of the company's stock, valued at approximately $50,938,242.76. The trade was a 23.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 590,251 shares of company stock worth $35,311,023. 0.27% of the stock is owned by insiders.

Institutional Trading of Baker Hughes

A number of hedge funds have recently modified their holdings of the company. Woodline Partners LP boosted its stake in Baker Hughes by 40.8% during the first quarter. Woodline Partners LP now owns 83,650 shares of the company's stock worth $3,676,000 after buying an additional 24,225 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Baker Hughes by 5.6% in the 1st quarter. Focus Partners Wealth now owns 18,481 shares of the company's stock valued at $812,000 after buying an additional 986 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Baker Hughes in the 2nd quarter valued at $2,301,000. NewEdge Advisors LLC lifted its holdings in shares of Baker Hughes by 4.0% during the 2nd quarter. NewEdge Advisors LLC now owns 46,407 shares of the company's stock worth $1,779,000 after acquiring an additional 1,768 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Baker Hughes during the 2nd quarter valued at about $1,014,000. Institutional investors own 92.06% of the company's stock.

Trending Headlines about Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes agreed to sell its Waygate Technologies inspection unit for about $1.45 billion in an all-cash deal — proceeds should strengthen the balance sheet, add cash for buybacks/deleveraging or reinvestment, and reflect portfolio focus on core energy technologies. Baker Hughes Announces Sale of Waygate Technologies to Hexagon
• Positive Sentiment: Baker Hughes secured a major order associated with the San Matias pipeline — a contract win that boosts near-term revenue visibility and backlog in its oilfield services/equipment segments. Baker Hughes (BKR) Secures Major Order With San Matias Pipeline
• Positive Sentiment: An analyst price target was raised to $66, signaling some analyst confidence in upside after recent operational results and portfolio moves. Baker Hughes NASDAQ: BKR Price Target Raised to $66.00
• Neutral Sentiment: The Waygate sale is subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2026 — timing and any regulatory adjustments will determine when cash hits the balance sheet. Baker Hughes sells Waygate unit to Hexagon for about $1.45 billion
• Neutral Sentiment: Recent analyst and media write-ups are highlighting Baker Hughes as a stock to watch and reviewing its Q4 results (Q4 beat on EPS and revenue slightly ahead), which underpin current analyst estimates but leave limited near-term surprises. Reflecting On Oilfield Services Stocks’ Q4 Earnings: Baker Hughes NASDAQ: BKR
• Negative Sentiment: Some investors may view the divestiture as a loss of diversification and recurring inspection revenue streams, which could temper long-term growth expectations for segments tied to non-energy industries. Baker Hughes to Sell Waygate Unit to Sweden's Hexagon For Around $1.45 Billion

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm's roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE's oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

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