Zacks Research Decreases Earnings Estimates for Baker Hughes

Baker Hughes Company (NASDAQ:BKR) – Zacks Research cut their Q2 2026 earnings estimates for shares of Baker Hughes in a report released on Monday, October 13th. Zacks Research analyst Team now expects that the company will earn $0.62 per share for the quarter, down from their prior estimate of $0.65. The consensus estimate for Baker Hughes’ current full-year earnings is $2.59 per share. Zacks Research also issued estimates for Baker Hughes’ Q3 2026 earnings at $0.67 EPS, FY2026 earnings at $2.53 EPS, Q1 2027 earnings at $0.68 EPS, Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.77 EPS and FY2027 earnings at $2.97 EPS.

A number of other research firms have also commented on BKR. Morgan Stanley upped their price target on shares of Baker Hughes from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. BMO Capital Markets reiterated an “outperform” rating and set a $53.00 price target (up from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Melius initiated coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They set a “buy” rating and a $60.00 price target for the company. Susquehanna upped their price target on shares of Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.57.

Baker Hughes Trading Down 1.5%

NASDAQ:BKR opened at $44.83 on Tuesday. The company has a fifty day moving average of $45.99 and a 200 day moving average of $41.35. Baker Hughes has a 52 week low of $33.60 and a 52 week 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 firm has a market capitalization of $44.20 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.07 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $5.09 billion during the quarter.

Baker Hughes Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the sale, the chief executive officer directly owned 667,593 shares of the company’s stock, valued at $29,654,481.06. This represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 40,520 shares in the company, valued at $2,026,000. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Baker Hughes

Several institutional investors have recently bought and sold shares of the company. Forum Financial Management LP increased its position in Baker Hughes by 1.4% during the second quarter. Forum Financial Management LP now owns 17,255 shares of the company’s stock worth $662,000 after buying an additional 233 shares during the period. Steward Partners Investment Advisory LLC increased its position in Baker Hughes by 4.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,790 shares of the company’s stock worth $260,000 after buying an additional 275 shares during the period. Prosperity Consulting Group LLC increased its position in Baker Hughes by 2.7% during the first quarter. Prosperity Consulting Group LLC now owns 10,533 shares of the company’s stock worth $463,000 after buying an additional 278 shares during the period. V Square Quantitative Management LLC increased its position in Baker Hughes by 1.4% during the second quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock worth $834,000 after buying an additional 292 shares during the period. Finally, Greenleaf Trust increased its position in Baker Hughes by 2.2% during the first quarter. Greenleaf Trust now owns 13,852 shares of the company’s stock worth $609,000 after buying an additional 293 shares during the period. 92.06% of the stock is owned by hedge funds and other institutional investors.

About Baker Hughes

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.