Baker Hughes (NASDAQ:BKR) Receives $48.06 Consensus PT from Analysts

Shares of Baker Hughes (NASDAQ:BKR) have received an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $50.18.

BKR has been the topic of several research analyst reports. Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Susquehanna boosted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a report on Monday. Jefferies Financial Group boosted their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, TD Cowen lowered their price target on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKR. Susquehanna Fundamental Investments LLC bought a new position in shares of Baker Hughes during the 2nd quarter worth about $707,000. Creative Planning increased its holdings in shares of Baker Hughes by 36.5% during the 2nd quarter. Creative Planning now owns 61,976 shares of the company’s stock worth $2,180,000 after purchasing an additional 16,582 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Baker Hughes by 39.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,227 shares of the company’s stock worth $360,000 after purchasing an additional 2,898 shares during the period. Quarry LP increased its holdings in shares of Baker Hughes by 81.1% during the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 714 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Baker Hughes during the 2nd quarter worth about $1,505,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Down 3.8 %

NASDAQ BKR opened at $46.98 on Friday. Baker Hughes has a twelve month low of $28.63 and a twelve month high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 0.89 and a beta of 1.39. The firm’s 50 day moving average price is $43.30 and its two-hundred day moving average price is $39.35.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Equities analysts anticipate that Baker Hughes will post 2.55 EPS for the current year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.23 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.96%. Baker Hughes’s payout ratio is currently 28.19%.

Baker Hughes Company Profile

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.