Baker Hughes Company (NASDAQ:BKR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Baker Hughes Company (NASDAQ:BKR) have earned an average rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $53.9167.

BKR has been the subject of several analyst reports. Zephirin Group increased their price objective on Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Evercore ISI set a $54.00 price target on Baker Hughes in a research note on Monday, October 27th. Stifel Nicolaus increased their price target on Baker Hughes from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Capital One Financial raised their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Baker Hughes in a research report on Monday, December 15th.

Baker Hughes Price Performance

Shares of BKR stock opened at $44.71 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The company has a market capitalization of $44.12 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. The firm’s 50-day moving average is $47.65 and its two-hundred day moving average is $44.84. Baker Hughes has a 12 month low of $33.60 and a 12 month high of $51.12.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $5.09 billion during the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. Analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Tuesday, November 4th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, November 4th. Baker Hughes’s dividend payout ratio is currently 31.72%.

Insider Buying and Selling

In related news, CAO Rebecca L. Charlton sold 1,000 shares of Baker Hughes stock in a transaction that occurred on Tuesday, September 23rd. The shares were 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 owned 11,772 shares in the company, valued at approximately $588,600. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president directly owned 40,520 shares in the company, valued at approximately $2,026,000. The trade was a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Baker Hughes

A number of institutional investors and hedge funds have recently bought and sold shares of BKR. Activest Wealth Management lifted its position in shares of Baker Hughes by 1,242.5% during the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after purchasing an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Baker Hughes by 104.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after buying an additional 337 shares in the last quarter. Harbour Investments Inc. boosted its position in Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after buying an additional 326 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Baker Hughes in the 2nd quarter valued at approximately $36,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Baker Hughes in the second quarter worth $36,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

About Baker Hughes

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.