Evercore Forecasts Strong Price Appreciation for Baker Hughes (NASDAQ:BKR) Stock

Baker Hughes (NASDAQ:BKR) had its target price upped by equities researchers at Evercore from $68.00 to $76.00 in a report released on Friday,MarketScreener reports. Evercore’s target price suggests a potential upside of 10.24% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on BKR. Piper Sandler upped their target price on Baker Hughes from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. iA Financial set a $60.00 price target on Baker Hughes in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on Baker Hughes from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. BMO Capital Markets raised their price objective on shares of Baker Hughes from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group lifted their target price on shares of Baker Hughes from $59.00 to $67.00 and gave the stock a “buy” rating in a research report on Saturday, January 31st. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.23.

Baker Hughes Stock Performance

NASDAQ BKR opened at $68.94 on Friday. The firm’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $53.74. The stock has a market cap of $68.13 billion, a PE ratio of 22.03, a PEG ratio of 2.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.36. Baker Hughes has a fifty-two week low of $34.56 and a fifty-two week high of $69.86.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Baker Hughes had a return on equity of 14.38% and a net margin of 11.17%.The company had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the company earned $0.51 EPS. Baker Hughes’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Baker Hughes will post 2.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Baker Hughes news, Director William G. Beattie sold 18,023 shares of Baker Hughes stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total value of $1,032,537.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maria Georgia Magno sold 19,150 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $59.11, for a total value of $1,131,956.50. Following the completion of the transaction, the insider directly owned 14,588 shares in the company, valued at approximately $862,296.68. This trade represents a 56.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 590,251 shares of company stock valued at $35,311,023 over the last 90 days. 0.19% of the stock is owned by company insiders.

Institutional Trading of Baker Hughes

Several large investors have recently modified their holdings of BKR. Activest Wealth Management lifted its position in shares of Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock valued at $26,000 after acquiring an additional 497 shares during the period. EFG International AG acquired a new stake in Baker Hughes in the fourth quarter worth $26,000. Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 468 shares in the last quarter. Quarry LP bought a new stake in Baker Hughes in the fourth quarter valued at $31,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after purchasing an additional 337 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Key Headlines Impacting Baker Hughes

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

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.