Baker Hughes (NASDAQ:BKR) Price Target Raised to $71.00 at Royal Bank Of Canada

Baker Hughes (NASDAQ:BKR) had its price objective raised by Royal Bank Of Canada from $68.00 to $71.00 in a research report report published on Monday, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

BKR has been the topic of a number of other research reports. Argus boosted their price target on shares of Baker Hughes from $55.00 to $67.00 in a report on Tuesday, January 27th. Evercore reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Baker Hughes in a research note on Monday. Johnson Rice started coverage on shares of Baker Hughes in a research note on Wednesday, February 25th. They issued a “buy” rating and a $68.00 price objective for the company. Capital One Financial raised their price objective on shares of Baker Hughes from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, BMO Capital Markets raised their price objective on shares of Baker Hughes from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

Baker Hughes Trading Down 0.8%

NASDAQ:BKR opened at $68.42 on Monday. The stock has a fifty day simple moving average of $61.48 and a 200 day simple moving average of $53.92. The firm has a market capitalization of $67.62 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. Baker Hughes has a 1-year low of $34.56 and a 1-year high of $70.41. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share (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 firm had revenue of $6.59 billion for the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that Baker Hughes will post 2.4 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be issued a dividend of $0.23 per share. 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 dividend payout ratio (DPR) is currently 29.39%.

Insider Activity at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 843 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the sale, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. This trade represents a 5.67% 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, CEO Lorenzo Simonelli sold 272,594 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the sale, the chief executive officer owned 866,444 shares of the company’s stock, valued at approximately $50,938,242.76. This represents a 23.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 590,251 shares of company stock valued at $35,311,023. 0.19% of the stock is owned by company insiders.

Institutional Trading of Baker Hughes

Institutional investors have recently made changes to their positions in the stock. Activest Wealth Management boosted 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 period. EFG International AG acquired a new stake in shares of Baker Hughes during the fourth quarter worth approximately $26,000. Cullen Frost Bankers Inc. raised its position in Baker Hughes by 344.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in 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 acquiring an additional 337 shares in the last quarter. Finally, Quarry LP bought a new position in Baker Hughes during the fourth quarter valued at approximately $31,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Key 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.

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.