Baker Hughes (NASDAQ:BKR) Coverage Initiated by Analysts at Melius

Melius started coverage on shares of Baker Hughes (NASDAQ:BKR) in a report released on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $60.00 price target on the stock.

Several other brokerages have also issued reports on BKR. BMO Capital Markets reaffirmed an “outperform” rating and issued a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. UBS Group reaffirmed a “neutral” rating and issued a $46.00 target price (up previously from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Seaport Res Ptn lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Evercore ISI upped their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus cut their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Twenty equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.29.

Baker Hughes Stock Up 3.0%

BKR stock opened at $44.76 on Wednesday. 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’s 50 day moving average is $41.35 and its 200 day moving average is $40.76. The stock has a market cap of $44.13 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94. Baker Hughes has a 1-year low of $32.25 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. Baker Hughes’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio is 30.07%.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the 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 approximately $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Baker Hughes

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new stake in Baker Hughes in the first quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in Baker Hughes in the first quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. Grove Bank & Trust lifted its position in Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company’s stock valued at $33,000 after buying an additional 320 shares during the period. Finally, Spire Wealth Management lifted its position in Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock valued at $36,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

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.