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

Baker Hughes (NASDAQ:BKR) had its price objective raised by HSBC from $67.00 to $85.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on BKR. Argus upped their target price on Baker Hughes from $55.00 to $67.00 in a report on Tuesday, January 27th. Piper Sandler upped their target price on Baker Hughes from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Citigroup upped their target price on Baker Hughes from $69.00 to $80.00 and gave the company a “buy” rating in a report on Monday. Evercore reissued an “outperform” rating and issued a $76.00 price target on shares of Baker Hughes in a research note on Monday. Finally, Johnson Rice assumed coverage on Baker Hughes in a research note on Wednesday, February 25th. They issued a “buy” rating and a $68.00 price target on the stock. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.73.

Baker Hughes Stock Performance

Shares of BKR stock opened at $68.42 on Monday. The business’s 50 day simple moving average is $61.48 and its 200 day simple moving average is $53.92. Baker Hughes has a one year low of $34.56 and a one year high of $70.41. The stock has a market capitalization 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 debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating 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 business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Baker Hughes will post 2.4 earnings per share for the current year.

Baker Hughes Announces Dividend

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

Insiders Place Their Bets

In other Baker Hughes news, insider Maria Georgia Magno sold 19,150 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $59.11, for a total value of $1,131,956.50. Following the transaction, the insider directly owned 14,588 shares of the company’s stock, valued at approximately $862,296.68. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lorenzo Simonelli sold 272,594 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 866,444 shares in the company, valued at approximately $50,938,242.76. This trade represents a 23.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 590,251 shares of company stock valued at $35,311,023 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Baker Hughes

Institutional investors have recently modified their holdings of the company. Activest Wealth Management raised its position 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 position in shares of Baker Hughes during the fourth quarter worth approximately $26,000. Cullen Frost Bankers Inc. raised its position in shares of Baker Hughes by 344.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position 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 worth $32,000 after purchasing an additional 337 shares during the period. Finally, Quarry LP acquired a new position in shares of Baker Hughes during the fourth quarter worth approximately $31,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes News Roundup

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.