Weiss Ratings Reaffirms "Buy (B)" Rating for Baker Hughes (NASDAQ:BKR)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Baker Hughes (NASDAQ:BKR) in their latest research note, reflecting a positive outlook from equities analysts.
• Baker Hughes has received multiple upgrades from various analysts, with a consensus price target of $52.22 and 22 analysts rating the stock as a Buy.
• Despite a quarterly earnings report showing a 3.2% decline in revenue year-over-year, the company beat earnings estimates and demonstrated a strong net margin of 11.04%.

Baker Hughes (NASDAQ:BKR - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the company. Melius Research initiated coverage on Baker Hughes in a research report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target for the company. Capital One Financial lifted their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Zephirin Group lifted their price target on Baker Hughes from $37.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, October 2nd. Finally, Barclays lifted their price target on Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.22.

Baker Hughes Stock Performance

NASDAQ:BKR traded down $0.73 during trading hours on Wednesday, reaching $47.85. The stock had a trading volume of 6,005,561 shares, compared to its average volume of 7,553,094. The stock has a market cap of $47.17 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. Baker Hughes has a 12-month low of $33.60 and a 12-month high of $50.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The stock has a 50 day simple moving average of $45.80 and a 200 day simple moving average of $41.28.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share 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 firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Insider Activity at Baker Hughes

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the transaction, the chief executive officer owned 667,593 shares in the company, valued at $29,654,481.06. The trade was a 44.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company'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 in the company, valued at $2,026,000. This trade represents a 38.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 553,068 shares of company stock worth $24,712,651 in the last 90 days. Company insiders own 0.27% of the company's stock.

Institutional Trading of Baker Hughes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new stake in shares of Baker Hughes in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC grew its stake in shares of Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Baker Hughes in the 1st quarter worth approximately $30,000. Grove Bank & Trust grew its stake in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after buying an additional 320 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company's stock worth $33,000 after buying an additional 326 shares during the last quarter. Hedge funds and other institutional investors 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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