JPMorgan Chase & Co. Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its target price raised by JPMorgan Chase & Co. from $60.00 to $74.00 in a research note released on Monday morning, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently commented on the stock. TD Cowen boosted their target price on shares of Baker Hughes from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada boosted their target price on shares of Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday. Evercore restated an “outperform” rating and issued a $76.00 target price on shares of Baker Hughes in a research note on Monday. Jefferies Financial Group restated a “buy” rating and issued a $80.00 target price on shares of Baker Hughes in a research note on Sunday. Finally, Johnson Rice initiated coverage on shares of Baker Hughes in a research note on Wednesday, February 25th. They issued a “buy” rating and a $68.00 target price on the stock. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Baker Hughes Stock Down 0.8%

Shares of NASDAQ:BKR opened at $68.42 on Monday. Baker Hughes has a 52 week low of $34.56 and a 52 week high of $70.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. The company’s fifty day moving average is $61.48 and its 200-day moving average is $53.92. The company has a market capitalization of $67.62 billion, a PE ratio of 21.86, a P/E/G ratio of 2.34 and a beta of 0.90.

Baker Hughes (NASDAQ:BKR) last issued 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 net margin of 11.17% and a return on equity of 14.17%. The company 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that Baker Hughes will post 2.4 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

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 given a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.92 annualized dividend and a yield of 1.3%. Baker Hughes’s dividend payout ratio is 29.39%.

Insider Activity at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,985 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $55.77, for a total transaction of $110,703.45. Following the transaction, the chief accounting officer owned 12,052 shares in the company, valued at $672,140.04. This represents a 14.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Beattie sold 18,023 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total transaction of $1,032,537.67. The SEC filing for this sale provides additional information. Insiders have sold 590,251 shares of company stock worth $35,311,023 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Baker Hughes by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock valued at $6,035,924,000 after purchasing an additional 598,159 shares during the period. State Street Corp lifted its position in Baker Hughes by 1.6% during the 4th quarter. State Street Corp now owns 61,409,438 shares of the company’s stock valued at $2,796,586,000 after purchasing an additional 937,614 shares during the period. Cardano Risk Management B.V. lifted its position in Baker Hughes by 1,005.1% during the 4th quarter. Cardano Risk Management B.V. now owns 49,353,310 shares of the company’s stock valued at $2,247,550,000 after purchasing an additional 44,887,481 shares during the period. Capital World Investors lifted its position in Baker Hughes by 7.1% during the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after purchasing an additional 3,153,709 shares during the period. Finally, Geode Capital Management LLC lifted its position in Baker Hughes by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 26,213,363 shares of the company’s stock valued at $1,189,194,000 after purchasing an additional 204,534 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes News Summary

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.