Citigroup Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price target hoisted by Citigroup from $69.00 to $80.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on BKR. iA Financial set a $60.00 price objective on Baker Hughes in a report on Tuesday, January 27th. Stifel Nicolaus increased their price objective on Baker Hughes from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler increased their price objective on Baker Hughes from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Zephirin Group increased their price objective on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, TD Cowen increased their price objective on Baker Hughes from $55.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.73.

Baker Hughes Trading Down 0.8%

NASDAQ BKR opened at $68.42 on Monday. The company has a market cap of $67.62 billion, a PE ratio of 21.86, a PEG ratio of 2.34 and a beta of 0.90. The company has a current ratio of 2.13, a quick ratio of 1.77 and a debt-to-equity ratio of 0.79. Baker Hughes has a 12 month low of $34.56 and a 12 month high of $70.41. The stock has a 50 day moving average of $61.48 and a 200-day moving average of $53.92.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Baker Hughes will post 2.4 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. Baker Hughes’s dividend payout ratio is presently 29.39%.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 272,594 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total value of $16,025,801.26. Following the transaction, the chief executive officer directly owned 866,444 shares of the company’s stock, valued at $50,938,242.76. This represents a 23.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Beattie sold 18,023 shares of Baker Hughes stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold 590,251 shares of company stock valued at $35,311,023 over the last three months. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Baker Hughes

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HB Wealth Management LLC lifted its holdings in shares of Baker Hughes by 4.7% during the first quarter. HB Wealth Management LLC now owns 47,997 shares of the company’s stock worth $2,930,000 after buying an additional 2,138 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Baker Hughes during the first quarter worth $274,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Baker Hughes by 7.9% during the first 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 buying an additional 84,500 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Baker Hughes during the first quarter worth $300,000. Finally, DSG Capital Advisors LLC acquired a new stake in shares of Baker Hughes during the first 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.