Baker Hughes (NASDAQ:BKR) Upgraded to “Buy” at Wall Street Zen

Baker Hughes (NASDAQ:BKR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently weighed in on BKR. Wolfe Research initiated coverage on Baker Hughes in a research report on Wednesday, July 8th. They set an “outperform” rating and a $70.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Baker Hughes in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on Baker Hughes from $60.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. HSBC upped their target price on shares of Baker Hughes from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Citigroup raised their target price on shares of Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Baker Hughes Stock Performance

Baker Hughes stock opened at $60.59 on Tuesday. Baker Hughes has a 12-month low of $41.96 and a 12-month high of $70.41. The stock has a 50-day simple moving average of $59.89 and a 200 day simple moving average of $60.05. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $60.11 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 2.38 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Sunday, July 26th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.13. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the company posted $0.63 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Baker Hughes will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Baker Hughes

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

Institutional Investors Weigh In On Baker Hughes

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Woodline Partners LP grew its holdings in Baker Hughes by 40.8% during the first quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock worth $3,676,000 after purchasing an additional 24,225 shares during the period. Focus Partners Wealth raised its stake in Baker Hughes by 5.6% in the first quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock valued at $812,000 after buying an additional 986 shares during the period. Jump Financial LLC acquired a new stake in shares of Baker Hughes in the second quarter valued at approximately $2,301,000. NewEdge Advisors LLC boosted its stake in shares of Baker Hughes by 4.0% during the 2nd 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 during the period. Finally, Nebula Research & Development LLC bought a new position in shares of Baker Hughes during the 2nd quarter worth approximately $1,014,000. Institutional investors own 92.06% of the company’s stock.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Baker Hughes reported adjusted second-quarter EPS of $0.64, topping the $0.49 consensus estimate, while revenue of $6.74 billion exceeded expectations by $230 million and rose 2.4% year over year. Baker Hughes earnings report
• Positive Sentiment: The Industrial & Energy Technology segment was the primary growth driver. Second-quarter orders reached $10.5 billion, including $7.1 billion from IET, while total remaining performance obligations reached $40.1 billion, supported by a record $37.1 billion IET backlog. Baker Hughes second-quarter results
• Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana, reinforcing its exposure to LNG infrastructure and long-term energy demand. Baker Hughes Venture Global LNG order
• Positive Sentiment: Baker Hughes declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7, providing continued income support for investors. Baker Hughes dividend announcement
• Neutral Sentiment: Third-quarter revenue guidance was approximately $6.9 billion, broadly in line with analyst expectations. The company did not provide a clear EPS guidance figure in the supplied update.
• Negative Sentiment: Baker Hughes expects global oil and gas producer spending to decline modestly in 2026, with lower spending in Europe and the Middle East offsetting growth elsewhere. The company also saw unusually heavy put-option activity, signaling increased near-term hedging or bearish speculation. Reuters oil and gas spending outlook
• Negative Sentiment: Some analysts view BKR as fairly valued after its rally. Potential volatility from Middle East tensions, commodity prices and the Chart Industries integration could limit further upside despite strong operating momentum.

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.