JPMorgan Chase & Co. Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price objective hoisted by JPMorgan Chase & Co. from $52.00 to $53.00 in a report released on Tuesday morning,MarketScreener reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group cut their price target on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, July 2nd. Susquehanna boosted their price objective on Baker Hughes from $46.00 to $52.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Stifel Nicolaus reduced their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Jefferies Financial Group set a $58.00 price target on Baker Hughes in a research report on Wednesday, July 30th. Finally, Melius started coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price target on the stock. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $52.36.

Baker Hughes Price Performance

BKR opened at $48.72 on Tuesday. The firm has a 50-day moving average price of $45.52 and a 200-day moving average price of $41.12. Baker Hughes has a twelve month low of $33.60 and a twelve month high of $50.92. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $48.03 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.30 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is currently 30.07%.

Insider Buying and Selling at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following 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 filing with the SEC, which can be accessed through this link. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive vice president owned 40,520 shares of the company’s stock, valued at $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,068 shares of company stock worth $24,712,651 over the last three months. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Baker Hughes

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP lifted its stake in Baker Hughes by 26.1% in the fourth quarter. Two Sigma Investments LP now owns 34,908 shares of the company’s stock worth $1,432,000 after purchasing an additional 7,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Baker Hughes by 36.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 54,799 shares of the company’s stock worth $2,248,000 after buying an additional 14,749 shares during the period. Versant Capital Management Inc lifted its stake in shares of Baker Hughes by 52.1% in the 1st quarter. Versant Capital Management Inc now owns 2,726 shares of the company’s stock valued at $120,000 after acquiring an additional 934 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Baker Hughes by 5,522.1% in the 1st quarter. GAMMA Investing LLC now owns 578,294 shares of the company’s stock valued at $25,416,000 after acquiring an additional 568,008 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Baker Hughes by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 11,039 shares of the company’s stock valued at $485,000 after acquiring an additional 435 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.