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

Baker Hughes Company (NASDAQ:BKR) has received an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $70.1364.

BKR has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Baker Hughes in a research report on Thursday. HSBC increased their target price on Baker Hughes from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Baker Hughes from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. UBS Group boosted their price target on Baker Hughes from $69.00 to $73.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, BMO Capital Markets upped their price target on Baker Hughes from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th.

Insiders Place Their Bets

In related news, CAO Rebecca L. Charlton sold 5,088 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total transaction of $326,751.36. Following the completion of the transaction, the chief accounting officer owned 15,997 shares in the company, valued at approximately $1,027,327.34. This represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the transaction, the chief executive officer directly owned 703,444 shares of the company’s stock, valued at $41,102,232.92. The trade was a 20.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 367,910 shares of company stock valued at $22,420,797. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP increased its holdings in shares of Baker Hughes by 40.8% in the 1st quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock worth $3,676,000 after buying an additional 24,225 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Baker Hughes by 5.6% in the 1st quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock valued at $812,000 after acquiring an additional 986 shares during the last quarter. Jump Financial LLC purchased a new position in Baker Hughes in the second quarter worth about $2,301,000. NewEdge Advisors LLC grew its position in Baker Hughes by 4.0% in the second quarter. NewEdge Advisors LLC now owns 46,407 shares of the company’s stock worth $1,779,000 after acquiring an additional 1,768 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in Baker Hughes during the second quarter worth approximately $1,014,000. 92.06% of the stock is currently owned by institutional investors.

Key Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes announced substantial equipment and services awards for Cheniere’s Sabine Pass LNG expansion, including liquefaction equipment, compressors, gas turbines, and upgrade work. The deal reinforces Baker Hughes’ LNG exposure and adds visibility to future revenue. Baker Hughes Secures Substantial Equipment and Services Awards for Cheniere’s Sabine Pass LNG Facility
• Positive Sentiment: Baker Hughes also expanded its power-growth strategy with a multi-year agreement with Kodiak Gas Services to support U.S. data center demand, including a pathway to roughly 1.8 GW of power over time. Investors may view this as another sign the company is benefiting from the AI-driven electricity buildout. Kodiak Gas Services, Baker Hughes Announce Multi-Year Gas Turbine Order Agreement to Support U.S. Data Center Growth
• Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $70 price target, while other firms including Susquehanna and TD Cowen also highlighted upside through target and rating updates. That steady analyst support can help reinforce bullish sentiment. Baker Hughes coverage and price target update
• Positive Sentiment: Reports that Baker Hughes is set to win conditional E.U. approval for its Chart Industries deal could remove an overhang tied to the transaction and improve the market’s confidence in the acquisition path. Baker Hughes set to win conditional E.U. approval for Chart Industries deal
• Neutral Sentiment: Several articles framed Baker Hughes as positioned to benefit from the broader energy transition and shifting power demand, but these were more thematic than company-specific catalysts. Can Baker Hughes Benefit From the Energy Shift?
• Neutral Sentiment: A separate note said Baker Hughes had a strong prior-session move and that earnings estimate revisions could limit near-term upside. This is more of a valuation/expectations check than a direct negative catalyst. Baker Hughes (BKR) Soars 5.7%: Is Further Upside Left in the Stock?
• Negative Sentiment: One headline said Baker Hughes is closing a facility and laying off employees, which could raise concerns about restructuring costs or demand conditions, though details were limited. HBJ: Baker Hughes closing facility, laying off employees

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $57.20 on Friday. The company has a market capitalization of $56.75 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.06 and a beta of 0.96. Baker Hughes has a 1-year low of $38.37 and a 1-year high of $70.41. The firm’s 50 day simple moving average is $62.00 and its two-hundred day simple moving average is $59.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The firm had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts expect that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Baker Hughes’s payout ratio is 29.39%.

Baker Hughes Company Profile

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.