Baker Hughes (NASDAQ:BKR) Given New $72.00 Price Target at Susquehanna

Baker Hughes (NASDAQ:BKR) had its price objective boosted by equities researchers at Susquehanna from $70.00 to $72.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 18.83% from the company’s current price.

Several other equities research analysts also recently weighed in on BKR. BMO Capital Markets increased their target price on shares of Baker Hughes from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Zacks Research raised shares of Baker Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Barclays cut their price target on shares of Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Weiss Ratings lowered shares of Baker Hughes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Baker Hughes in a research note on Thursday, July 9th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $70.09.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR opened at $60.59 on Tuesday. The stock has a market capitalization of $60.11 billion, a P/E ratio of 19.36, a PEG ratio of 2.38 and a beta of 0.96. Baker Hughes has a 52 week low of $41.96 and a 52 week high of $70.41. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $59.89 and a two-hundred day simple moving average of $60.05.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Sunday, July 26th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that Baker Hughes will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Rebecca L. Charlton sold 5,088 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total value of $326,751.36. Following the transaction, the chief accounting officer owned 15,997 shares of the company’s stock, valued at $1,027,327.34. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of Baker Hughes stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the sale, the chief executive officer owned 703,444 shares of the company’s stock, valued at $41,102,232.92. The trade was a 20.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 367,910 shares of company stock valued at $22,420,797 over the last three months. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

Hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its position in shares of Baker Hughes by 0.6% during the first quarter. Bleakley Financial Group LLC now owns 25,485 shares of the company’s stock worth $1,556,000 after acquiring an additional 163 shares during the period. Resolute Wealth Strategies LLC boosted its holdings in shares of Baker Hughes by 2.7% in the first quarter. Resolute Wealth Strategies LLC now owns 6,597 shares of the company’s stock valued at $403,000 after purchasing an additional 172 shares during the period. Deseret Mutual Benefit Administrators grew its stake in Baker Hughes by 10.5% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $86,000 after purchasing an additional 179 shares in the last quarter. Krilogy Financial LLC grew its stake in Baker Hughes by 3.2% in the fourth quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock worth $261,000 after purchasing an additional 180 shares in the last quarter. Finally, 3Chopt Investment Partners LLC increased its holdings in Baker Hughes by 0.5% during the 4th quarter. 3Chopt Investment Partners LLC now owns 42,679 shares of the company’s stock worth $1,944,000 after purchasing an additional 203 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes News Roundup

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes reported second-quarter adjusted EPS of $0.64, exceeding the $0.51 consensus estimate, while revenue of $6.74 billion also topped expectations. Revenue increased 2.4% year over year, helping reinforce confidence in the company’s earnings momentum. Baker Hughes beats Q2 profit estimates
• Positive Sentiment: Orders reached $10.5 billion, including a record $7.1 billion in IET orders, while total remaining performance obligations rose to $40.1 billion. The backlog provides visibility into future revenue and supports the company’s stronger 2026 outlook. Baker Hughes Announces Second-Quarter 2026 Results
• Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana. The contract strengthens Baker Hughes’ exposure to LNG infrastructure and rising power demand tied partly to data centers. Baker Hughes LNG technology order
• Positive Sentiment: Wall Street Zen upgraded BKR to “Buy,” adding to the favorable reaction to the earnings beat and operational strength. The company also declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7. Baker Hughes upgraded to Buy
• Neutral Sentiment: Management expects third-quarter revenue of approximately $6.9 billion, broadly matching analyst expectations, suggesting stable near-term execution rather than a major forecast upgrade.
• Neutral Sentiment: Analysts remain constructive on Baker Hughes’ long-term LNG, industrial technology and AI-related power exposure, although some view the shares as fairly valued after their recent strength. Baker Hughes valuation analysis
• Negative Sentiment: Baker Hughes expects global oil-and-gas producer spending to decline modestly in 2026. Lower spending in Europe and the Middle East is expected to offset growth in Latin America, offshore Africa and North American land activity. Baker Hughes flags lower producer spending
• Negative Sentiment: Unusually heavy put-option activity indicates some traders are positioning for downside or hedging risk, while weaker drilling activity linked to Middle East disruptions remains a near-term headwind.

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.