Baker Hughes (NASDAQ:BKR) Given New $74.00 Price Target at Stifel Nicolaus

Baker Hughes (NASDAQ:BKR) had its price target raised by Stifel Nicolaus from $63.00 to $74.00 in a report released on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Evercore lifted their price objective on Baker Hughes from $68.00 to $76.00 in a report on Friday. iA Financial set a $60.00 price objective on Baker Hughes in a report on Tuesday, January 27th. TD Cowen lifted their price objective on Baker Hughes from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Wall Street Zen lowered Baker Hughes from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $80.00 price target on shares of Baker Hughes in a report on Sunday. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.73.

Baker Hughes Stock Performance

Shares of BKR opened at $68.42 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77. Baker Hughes has a one year low of $34.56 and a one year high of $70.41. The firm has a market capitalization of $67.62 billion, a P/E ratio of 21.86, a PEG ratio of 2.34 and a beta of 0.90. The business has a fifty day moving average of $61.48 and a 200 day moving average of $53.92.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.49 by $0.09. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The company had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Baker Hughes’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Baker Hughes will post 2.4 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, May 5th. Baker Hughes’s payout ratio is presently 29.39%.

Insiders Place Their Bets

In other news, Director William G. Beattie sold 18,023 shares of the business’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Also, CAO Rebecca L. Charlton sold 1,985 shares of the business’s stock in a transaction dated 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 in the company, valued at $672,140.04. The trade was a 14.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 590,251 shares of company stock valued at $35,311,023 over the last three months. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

Several large investors have recently made changes to their positions in the business. Activest Wealth Management lifted its position in shares of Baker Hughes by 1,242.5% in the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after buying an additional 497 shares in the last quarter. EFG International AG purchased a new stake in shares of Baker Hughes in the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. lifted its position in shares of Baker Hughes by 344.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after buying an additional 468 shares in the last quarter. Quarry LP purchased a new stake in shares of Baker Hughes in the fourth quarter worth about $31,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 worth $32,000 after buying an additional 337 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

More Baker Hughes News

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

• Positive Sentiment: Broad analyst upgrades following Q1: BKR reported upbeat first‑quarter results (EPS beat) that prompted many firms to boost forecasts and targets, underpinning the bullish analyst revisions. Article Title
• Positive Sentiment: BMO Capital Markets raised its target to $80 and kept an Outperform rating — a sizable upside call that supports further upside expectations. BMO raise
• Positive Sentiment: TD Cowen boosted its target to $75 and kept a Buy rating, joining others in lifting near‑term earnings expectations. TD Cowen raise
• Positive Sentiment: Susquehanna and Citigroup both moved targets to $80 (Susquehanna labeled “positive,” Citi “buy”), while HSBC raised its target to $85 — several large firms signaling meaningful upside. Susquehanna raise HSBC raise Citi raise
• Positive Sentiment: JPMorgan, Stifel and RBC raised targets and kept constructive ratings (Overweight/Buy/Outperform), reinforcing demand‑side confidence in BKR’s outlook. JPMorgan raise Stifel/other lifts
• Neutral Sentiment: UBS raised its price target to $73 but maintained a Neutral rating — a modestly constructive move that is less bullish than the buy/outperform cohort. UBS raise
• Neutral Sentiment: Market commentary frames BKR’s intraday swing as part of broader energy momentum and sector rotation rather than company‑specific negative news. Kalkine article
• Negative Sentiment: Despite the analyst upgrades, BKR is trading lower on heavier than average volume — indicating short‑term profit‑taking or rotation into other energy names, which can cap near‑term upside until buyers absorb supply.

About Baker Hughes

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.