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

Shares of Baker Hughes (NASDAQ:BKR) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $47.12.

A number of research firms have commented on BKR. Susquehanna boosted their price objective on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Barclays raised their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. BMO Capital Markets upped their target price on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, UBS Group decreased their price target on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th.

Institutional Investors Weigh In On Baker Hughes

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Baker Hughes by 41.1% in the fourth quarter. GAMMA Investing LLC now owns 10,286 shares of the company’s stock worth $422,000 after acquiring an additional 2,998 shares in the last quarter. Principal Financial Group Inc. increased its stake in Baker Hughes by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock worth $42,580,000 after purchasing an additional 47,727 shares in the last quarter. Birmingham Capital Management Co. Inc. AL increased its stake in Baker Hughes by 18.5% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 16,000 shares of the company’s stock worth $578,000 after purchasing an additional 2,500 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Baker Hughes during the 3rd quarter worth approximately $139,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Baker Hughes by 92.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 87,961 shares of the company’s stock valued at $3,180,000 after purchasing an additional 42,148 shares during the period. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 2.6 %

Shares of Baker Hughes stock opened at $42.66 on Monday. The stock has a market capitalization of $42.21 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $41.71 and a 200 day simple moving average of $37.67.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. Research analysts expect that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.21 per share. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Baker Hughes’s payout ratio is currently 37.67%.

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.