Susquehanna Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Key Points

• Susquehanna has raised its target price for Baker Hughes (NASDAQ:BKR) stock from $52.00 to $56.00, indicating a potential upside of 15.80% from the current price while maintaining a "positive" rating on the stock.
• Several analysts have issued positive updates on Baker Hughes, with Barclays and Melius Research setting price targets of $53.00 and $60.00 respectively, while a consensus rating suggests a "Moderate Buy."
• Insiders have recently sold a total of 553,068 shares, valued at approximately $24.7 million, indicating a notable decrease in their positions within the company.

Baker Hughes (NASDAQ:BKR - Get Free Report) had its target price raised by equities research analysts at Susquehanna from $52.00 to $56.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price target would indicate a potential upside of 15.80% from the company's current price.

BKR has been the subject of several other research reports. Barclays raised their price objective on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Melius Research assumed coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target for the company. Jefferies Financial Group set a $58.00 price target on Baker Hughes in a report on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and set a $53.00 price objective (up from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus cut their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Twenty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Baker Hughes Trading Down 0.7%

NASDAQ BKR opened at $48.36 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes has a one year low of $33.60 and a one year high of $50.92. The firm's fifty day moving average is $45.59 and its two-hundred day moving average is $41.17. The firm has a market cap of $47.68 billion, a PE ratio of 15.80, a P/E/G ratio of 2.22 and a beta of 0.99.

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

Insiders Place Their Bets

In related news, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at $588,600. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president owned 40,520 shares of the company's stock, valued at approximately $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,068 shares of company stock valued at $24,712,651 over the last quarter. Insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wayfinding Financial LLC acquired a new position in shares of Baker Hughes during the 1st quarter valued at $28,000. Golden State Wealth Management LLC boosted its stake in Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after buying an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Baker Hughes during the first quarter worth about $30,000. Grove Bank & Trust raised its position in Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company's stock valued at $33,000 after purchasing an additional 326 shares during 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.

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