Baker Hughes (NASDAQ:BKR) Stock Gets Price Target Trim from Morgan Stanley

Baker Hughes (NASDAQ:BKR) had its price objective trimmed by Morgan Stanley from $70.00 to $68.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also weighed in on BKR. The Goldman Sachs Group assumed coverage on shares of Baker Hughes in a research report on Tuesday, September 29th. They set a “buy” rating and a $71.00 price objective for the company. UBS Group reduced their target price on shares of Baker Hughes from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Zacks Research upgraded shares of Baker Hughes from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Baker Hughes in a research report on Friday, October 9th. Finally, Piper Sandler dropped their price target on Baker Hughes from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $71.14.

Baker Hughes Stock Up 1.3%

BKR opened at $55.23 on Thursday. Baker Hughes has a 12 month low of $44.26 and a 12 month high of $70.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.76. The stock has a market cap of $54.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.63 and a beta of 1.04. The stock’s 50 day moving average price is $58.13 and its 200 day moving average price is $60.05.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.74 billion. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. As a group, research analysts predict that Baker Hughes will post 2.58 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Baker Hughes’s dividend payout ratio is currently 31.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of Baker Hughes by 152.3% during the 2nd quarter. NewEdge Advisors LLC now owns 149,817 shares of the company’s stock valued at $8,315,000 after acquiring an additional 90,427 shares during the last quarter. National Pension Service raised its stake in shares of Baker Hughes by 29.0% in the 2nd quarter. National Pension Service now owns 1,867,731 shares of the company’s stock valued at $103,659,000 after acquiring an additional 419,426 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Baker Hughes by 2.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,892,101 shares of the company’s stock valued at $86,230,000 after acquiring an additional 37,473 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Baker Hughes by 367.1% in the 1st quarter. Fifth Third Bancorp now owns 199,621 shares of the company’s stock worth $12,187,000 after purchasing an additional 156,881 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Baker Hughes by 19.5% in the 2nd quarter. Allworth Financial LP now owns 231,538 shares of the company’s stock worth $12,850,000 after purchasing an additional 37,814 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Key Baker Hughes News

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

• Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
• Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
• Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
• Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

About Baker Hughes

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.