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

Key Points

• Zephirin Group has raised its target price for Baker Hughes from $37.00 to $40.00, maintaining a "hold" rating, which suggests a potential downside from the company’s previous close.
• Multiple analysts have differing views on Baker Hughes stock, with Barclays setting a target of $53.00 and a rating of "overweight," while Seaport Res Ptn downgraded its rating to "hold."
• Baker Hughes reported a $0.63 earnings per share for its last quarter, exceeding expectations, despite a 3.2% decrease in revenue compared to the prior year.

Baker Hughes (NASDAQ:BKR - Get Free Report) had its target price increased by equities researchers at Zephirin Group from $37.00 to $40.00 in a report issued on Thursday,MarketScreener reports. The firm presently has a "hold" rating on the stock. Zephirin Group's price objective would indicate a potential downside of 17.29% from the company's previous close.

Other equities analysts have also issued reports about the company. Barclays increased their price target on Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. TD Cowen lifted their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Melius began coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target for the company. Finally, UBS Group reiterated a "neutral" rating and set a $46.00 target price (up from $43.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Twenty-one 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 company presently has an average rating of "Moderate Buy" and an average price target of $52.00.

Baker Hughes Stock Down 0.7%

Shares of BKR opened at $48.36 on Thursday. Baker Hughes has a 12-month low of $33.60 and a 12-month high of $50.92. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $47.68 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The business's 50 day moving average is $45.59 and its 200 day moving average is $41.17.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company's revenue for the quarter 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. Research analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Insider Activity at Baker Hughes

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer directly owned 11,772 shares in the company, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 667,593 shares of the company's stock, valued at $29,654,481.06. This trade represents a 44.10% 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 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Institutional Trading of Baker Hughes

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Baker Hughes in the second quarter valued at approximately $862,722,000. Nuveen LLC purchased a new position in shares of Baker Hughes during the 1st quarter valued at approximately $404,385,000. Pacer Advisors Inc. lifted its stake in shares of Baker Hughes by 2,585.6% in the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock valued at $169,511,000 after purchasing an additional 3,713,301 shares during the period. First Trust Advisors LP boosted its holdings in Baker Hughes by 76.0% during the second quarter. First Trust Advisors LP now owns 7,419,033 shares of the company's stock worth $284,446,000 after buying an additional 3,203,942 shares in the last quarter. Finally, Sei Investments Co. grew its position in Baker Hughes by 247.5% during the second quarter. Sei Investments Co. now owns 3,134,494 shares of the company's stock valued at $120,177,000 after buying an additional 2,232,394 shares during the period. 92.06% of the stock is owned by hedge funds and other institutional investors.

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.

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