Baker Hughes (NASDAQ:BKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Baker Hughes (NASDAQ:BKRGet Free Report) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.13.

BKR has been the topic of several analyst reports. Morgan Stanley increased their target price on Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. UBS Group lifted their price objective on shares of Baker Hughes from $35.00 to $36.00 in a research report on Tuesday, April 23rd. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Baker Hughes in a research report on Wednesday, April 24th. Susquehanna reissued a “positive” rating and issued a $40.00 price objective on shares of Baker Hughes in a report on Monday, April 8th. Finally, The Goldman Sachs Group lifted their target price on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd.

View Our Latest Report on Baker Hughes

Baker Hughes Trading Up 4.5 %

Baker Hughes stock opened at $34.41 on Thursday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $37.58. The firm’s 50-day moving average is $32.41 and its 200-day moving average is $31.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25. The company has a market cap of $34.34 billion, a P/E ratio of 19.22, a PEG ratio of 0.56 and a beta of 1.43.

Baker Hughes (NASDAQ:BKRGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. Baker Hughes’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts expect that Baker Hughes will post 2.09 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were paid a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.44%. Baker Hughes’s dividend payout ratio is currently 46.93%.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 55,980 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the sale, the executive vice president now directly owns 92,035 shares in the company, valued at $2,945,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the sale, the executive vice president now owns 92,035 shares in the company, valued at approximately $2,945,120. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Baker Hughes during the 4th quarter valued at $551,555,000. Price T Rowe Associates Inc. MD grew its position in Baker Hughes by 32.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,364,995 shares of the company’s stock worth $581,729,000 after acquiring an additional 4,207,973 shares in the last quarter. Cardano Risk Management B.V. acquired a new position in shares of Baker Hughes during the 1st quarter worth $117,083,000. AQR Capital Management LLC boosted its stake in shares of Baker Hughes by 846.7% during the 3rd quarter. AQR Capital Management LLC now owns 2,378,976 shares of the company’s stock worth $84,025,000 after acquiring an additional 2,127,675 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Baker Hughes by 47.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,635,875 shares of the company’s stock worth $192,634,000 after buying an additional 1,822,487 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

About Baker Hughes

(Get Free Report

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.

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Analyst Recommendations for Baker Hughes (NASDAQ:BKR)

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