Royal Bank Of Canada Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price target boosted by Royal Bank Of Canada from $63.00 to $68.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

BKR has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of Baker Hughes from $59.00 to $67.00 and gave the stock a “buy” rating in a report on Saturday, January 31st. Barclays raised their price target on shares of Baker Hughes from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Citigroup raised their price target on shares of Baker Hughes from $64.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Evercore reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Baker Hughes in a report on Wednesday, February 11th. Finally, UBS Group raised their price target on shares of Baker Hughes from $61.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Twenty equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.17.

Baker Hughes Trading Down 1.7%

NASDAQ:BKR opened at $61.49 on Tuesday. Baker Hughes has a 52 week low of $34.56 and a 52 week high of $67.00. The firm has a 50 day moving average of $60.97 and a 200 day moving average of $53.03. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.76 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.26%. The company had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Baker Hughes’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is 35.38%.

Insider Buying and Selling at Baker Hughes

In related news, insider Maria Georgia Magno sold 19,150 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the completion of the transaction, the insider owned 14,588 shares of the company’s stock, valued at $862,296.68. This trade represents a 56.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rebecca L. Charlton sold 1,985 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $55.77, for a total transaction of $110,703.45. Following the transaction, the chief accounting officer directly owned 12,052 shares of the company’s stock, valued at approximately $672,140.04. This trade represents a 14.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 590,251 shares of company stock worth $35,311,023. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Activest Wealth Management raised its holdings in shares of Baker Hughes by 1,242.5% during the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after purchasing an additional 497 shares during the last quarter. EFG International AG purchased a new position in shares of Baker Hughes during the fourth quarter worth $26,000. Cullen Frost Bankers Inc. increased its holdings in Baker Hughes by 344.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock valued at $27,000 after buying an additional 468 shares in the last quarter. Quarry LP purchased a new position in Baker Hughes in the fourth quarter valued at $31,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Baker Hughes by 104.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes News Summary

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

• Positive Sentiment: Royal Bank of Canada raised its price target on BKR to $68 and kept an “outperform” rating, signaling analyst confidence and an indicated upside from current levels. Read More.
• Positive Sentiment: BKR secured a major order related to the San Matias pipeline, which supports near-term revenue visibility in the company’s oilfield services backlog. Read More.
• Positive Sentiment: Baker Hughes agreed to sell its Waygate Technologies unit to Hexagon for about $1.45 billion in cash, providing a material cash inflow that can be used for debt reduction, buybacks, or investment in core businesses. Read More.
• Neutral Sentiment: The Waygate sale remains subject to customary closing conditions and regulatory approvals and is expected to close in H2 2026, so the cash benefits are not immediate. Read More.
• Neutral Sentiment: Other outlets and analysts have also nudged targets higher (e.g., a $66 target reported), reflecting a general re-rating but not unanimous consensus. Read More.
• Negative Sentiment: Despite these positives, shares are trading down — indicating profit-taking or broader energy/market weakness; investors should watch execution on the San Matias order, the timing of Waygate proceeds, and sector flows for near-term directional risk.

Baker Hughes Company Profile

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.