BMO Capital Markets Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its target price boosted by BMO Capital Markets from $70.00 to $80.00 in a research note issued to investors on Monday morning, MarketBeat reports. BMO Capital Markets currently has an outperform rating on the stock.

BKR has been the subject of a number of other research reports. HSBC increased their price target on shares of Baker Hughes from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Baker Hughes in a research note on Sunday. Johnson Rice initiated coverage on shares of Baker Hughes in a research note on Wednesday, February 25th. They set a “buy” rating and a $68.00 price target for the company. Stifel Nicolaus increased their price target on shares of Baker Hughes from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays increased their price target on shares of Baker Hughes from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company 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 company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77. The firm’s fifty day moving average price is $61.48 and its 200 day moving average price is $53.92. The company 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 12 month low of $34.56 and a 12 month high of $70.41.

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

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid 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 dividend payout ratio (DPR) is 29.39%.

Insider Activity

In other news, insider Maria Georgia Magno sold 5,063 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $59.04, for a total value of $298,919.52. Following the completion of the sale, the insider owned 15,555 shares in the company, valued at approximately $918,367.20. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rebecca L. Charlton sold 843 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was 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 owned 14,019 shares of the company’s stock, valued at $789,830.46. This trade represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 590,251 shares of company stock worth $35,311,023 over the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Trading of Baker Hughes

Several hedge funds have recently made changes to their positions in the company. HB Wealth Management LLC lifted its stake in shares of Baker Hughes by 4.7% in the 1st quarter. HB Wealth Management LLC now owns 47,997 shares of the company’s stock worth $2,930,000 after acquiring an additional 2,138 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Baker Hughes in the 1st quarter worth $274,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Baker Hughes by 7.9% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,159,303 shares of the company’s stock worth $70,775,000 after acquiring an additional 84,500 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Baker Hughes in the 1st quarter worth $300,000. Finally, DSG Capital Advisors LLC acquired a new stake in shares of Baker Hughes in the 1st quarter worth $894,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

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.