Baker Hughes Company (NASDAQ:BKR) Receives $58.30 Average Target Price from Analysts

Baker Hughes Company (NASDAQ:BKR) has earned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.7826.

A number of research firms recently commented on BKR. Weiss Ratings restated a “buy (b)” rating on shares of Baker Hughes in a report on Monday, December 29th. Argus increased their price target on shares of Baker Hughes from $55.00 to $67.00 in a research note on Tuesday, January 27th. Barclays lifted their price objective on shares of Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. HSBC upped their price objective on shares of Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Evercore set a $54.00 target price on Baker Hughes in a report on Monday, October 27th.

Insiders Place Their Bets

In other Baker Hughes news, Director William G. Beattie sold 18,023 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total transaction of $1,032,537.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca L. Charlton sold 843 shares of Baker Hughes stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the transaction, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. This represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,001 shares of company stock valued at $2,322,692 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Baker Hughes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwest & Ethical Investments L.P. raised its stake in Baker Hughes by 16.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 8,469 shares of the company’s stock valued at $390,000 after purchasing an additional 1,169 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Baker Hughes by 18.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 66,667 shares of the company’s stock worth $3,034,000 after purchasing an additional 10,423 shares during the period. Hohimer Wealth Management LLC bought a new position in shares of Baker Hughes during the 4th quarter worth about $205,000. HRT Financial LP acquired a new position in shares of Baker Hughes during the fourth quarter valued at about $4,877,000. Finally, Brooklyn Investment Group lifted its stake in shares of Baker Hughes by 22.6% in the fourth quarter. Brooklyn Investment Group now owns 22,306 shares of the company’s stock valued at $1,012,000 after buying an additional 4,115 shares during the period. 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: Baker Hughes won an order to supply ten Frame 5 gas turbines (up to ~250 MW) to Twenty20 Energy for U.S. AI/data‑center projects — a multi‑year, industrial win that increases revenue visibility and connects BKR to fast‑growing data‑center power demand. Read More.
• Positive Sentiment: BKR shares touched a 52‑week high, signaling strong market momentum and investor appetite as the company benefits from industrial/AI infrastructure themes. Read More.
• Positive Sentiment: Bloomberg reports Baker Hughes is exploring a potential ~$1.5B sale of its Waygate Technologies unit — a divestiture that could raise cash, simplify the portfolio and support capital allocation or buybacks. Read More.
• Positive Sentiment: Analyst activity has been constructive (multiple price‑target raises and a consensus “Moderate Buy”), supporting demand and valuation momentum.
• Neutral Sentiment: Recent short‑interest feeds show reporting glitches (zeros/NaN) in February — this is likely a data issue rather than a true sudden change in positioning; rely on official exchange reports for confirmation.
• Neutral Sentiment: Earlier in the quarter short interest had fallen (to ~26.7M shares, ~2.7% of float), which could be bullish if driven by covering — but that move may already be priced into the rally.
• Negative Sentiment: Insider selling: director/insider Maria Georgia Magno sold 19,150 shares (reported trade at ~ $59.11) — while insider sales can be routine, the size and 56.8% reduction in her holding is a near‑term negative signal for some investors. Read More.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $61.39 on Tuesday. The firm has a market cap of $60.58 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.65 and a beta of 0.89. Baker Hughes has a 1 year low of $33.60 and a 1 year high of $62.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $50.93 and a 200 day simple moving average of $48.19.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The firm had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, February 17th. Baker Hughes’s payout ratio is 35.38%.

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.