Baker Hughes (NASDAQ:BKR) Reaches New 52-Week High on Strong Earnings

Baker Hughes Company (NASDAQ:BKR) hit a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $68.36 and last traded at $67.5640, with a volume of 4134842 shares trading hands. The stock had previously closed at $64.49.

The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. Baker Hughes had a net margin of 11.17% and a return on equity of 14.38%. The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be given a $0.23 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. Baker Hughes’s payout ratio is currently 35.38%.

Key Baker Hughes News

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

• Positive Sentiment: Q1 results beat expectations and showed profit strength, supporting the rally; analysts and reports highlighted upside to EPS and better‑than‑expected margins. Baker Hughes beats first-quarter profit boosted by industrial, energy tech demand
• Positive Sentiment: Record IET orders/backlog and portfolio actions increased forward revenue visibility and cash proceeds (JV and asset sales cited by management), which investors interpreted as materially de‑risking growth and improving liquidity. Baker Hughes jumps as Q1 results highlight record IET orders and a stronger balance sheet after portfolio moves
• Positive Sentiment: Near‑term oil supply disruption (Strait of Hormuz) is expected to keep global supplies tighter, prompting major oilfield services firms including Baker Hughes to forecast higher E&P spending — a tailwind for equipment and services demand. SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply
• Positive Sentiment: The board declared a quarterly cash dividend of $0.23 per share, which supports income‑oriented investor interest. Baker Hughes Declares Quarterly Dividend
• Neutral Sentiment: Full Q1 presentation and earnings call transcript are available for detail; these provide color on segment results, backlog and management guidance. BKR Q1 2026 Earnings Call Transcript Q1 Results Presentation
• Neutral Sentiment: Short‑interest reporting appears anomalous (reported as zero in the data snapshot) and is not providing a clear signal today.
• Negative Sentiment: Significant insider selling has been reported in recent months, which some investors view as a governance/timing concern; also some reports flag mixed cash‑flow trends and rising liabilities that merit watching. Baker Hughes Releases Q1 2026 Earnings: Revenue and EPS Beat, Net Income Rebound

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group raised their price objective on Baker Hughes from $59.00 to $67.00 and gave the stock a “buy” rating in a research report on Saturday, January 31st. TD Cowen upped their target price on shares of Baker Hughes from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Evercore reaffirmed an “outperform” rating and set a $68.00 target price on shares of Baker Hughes in a research note on Wednesday, February 11th. Susquehanna lifted their price target on shares of Baker Hughes from $65.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen downgraded shares of Baker Hughes from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $61.86.

Insider Transactions at Baker Hughes

In other news, CAO Rebecca L. Charlton sold 1,985 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $55.77, for a total value of $110,703.45. Following the completion of the transaction, the chief accounting officer owned 12,052 shares of the company’s stock, valued at approximately $672,140.04. This trade represents a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Maria Georgia Magno sold 19,150 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the sale, the insider directly owned 14,588 shares in the company, valued at approximately $862,296.68. The trade was a 56.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 590,251 shares of company stock valued at $35,311,023. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Baker Hughes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cardano Risk Management B.V. increased its position in shares of Baker Hughes by 1,005.1% during the fourth quarter. Cardano Risk Management B.V. now owns 49,353,310 shares of the company’s stock worth $2,247,550,000 after acquiring an additional 44,887,481 shares during the period. Norges Bank purchased a new position in Baker Hughes in the fourth quarter valued at $1,022,491,000. Capital International Investors purchased a new position in Baker Hughes in the third quarter valued at $729,670,000. Price T Rowe Associates Inc. MD grew its stake in Baker Hughes by 58.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,635,780 shares of the company’s stock worth $529,896,000 after purchasing an additional 4,278,573 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Baker Hughes by 12,983.5% during the 4th quarter. Bessemer Group Inc. now owns 3,491,322 shares of the company’s stock worth $158,994,000 after purchasing an additional 3,464,637 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 6.9%

The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28. The company has a market cap of $68.13 billion, a PE ratio of 22.03, a P/E/G ratio of 2.19 and a beta of 0.90. The company has a fifty day simple moving average of $61.33 and a two-hundred day simple moving average of $53.70.

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.