Stifel Nicolaus Lowers Baker Hughes (NASDAQ:BKR) Price Target to $52.00

Baker Hughes (NASDAQ:BKR - Free Report) had its target price lowered by Stifel Nicolaus from $54.00 to $52.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Barclays cut their price objective on shares of Baker Hughes from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. lifted their price target on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Bank of America boosted their target price on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.65.

Baker Hughes Trading Up 1.9 %

Shares of BKR stock traded up $0.73 on Tuesday, reaching $38.86. 5,548,880 shares of the stock were exchanged, compared to its average volume of 6,878,413. The stock has a 50 day moving average price of $42.34 and a 200 day moving average price of $42.10. The stock has a market cap of $38.47 billion, a PE ratio of 13.04, a P/E/G ratio of 2.00 and a beta of 1.08. Baker Hughes has a one year low of $30.93 and a one year high of $49.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities research analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.37%. Baker Hughes's dividend payout ratio is presently 30.87%.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

Institutional Trading of Baker Hughes

A number of hedge funds have recently made changes to their positions in BKR. JFS Wealth Advisors LLC grew its holdings in Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Baker Hughes during the 4th quarter worth $30,000. Larson Financial Group LLC grew its position in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after buying an additional 320 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Baker Hughes in the fourth quarter worth approximately $45,000. 92.06% of the stock is owned by institutional investors and hedge funds.

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.