Baker Hughes (NASDAQ:BKR) Stock Gets Price Target Trim from Royal Bank Of Canada

by · The Cerbat Gem

Baker Hughes (NASDAQ:BKR – Free Report) had its price target lowered by Royal Bank Of Canada from $71.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on BKR. Stifel Nicolaus upped their target price on shares of Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Jefferies Financial Group decreased their price target on shares of Baker Hughes from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Barclays dropped their price target on shares of Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley cut their price objective on shares of Baker Hughes from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, UBS Group cut their price objective on shares of Baker Hughes from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.14.

Read Our Latest Report on Baker Hughes

Baker Hughes Trading Up 1.3%

Baker Hughes stock opened at $55.23 on Thursday. The business has a 50-day simple moving average of $58.13 and a two-hundred day simple moving average of $60.05. The company has a market cap of $54.83 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.63 and a beta of 1.04. Baker Hughes has a 52-week low of $44.26 and a 52-week high of $70.41. The company has a quick ratio of 1.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85.

Baker Hughes (NASDAQ:BKR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.74 billion. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. Analysts predict that Baker Hughes will post 2.58 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. Baker Hughes’s payout ratio is currently 31.72%.

Institutional Investors Weigh In On Baker Hughes

A number of institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its stake in Baker Hughes by 17.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 19,991 shares of the company’s stock valued at $1,098,000 after acquiring an additional 3,005 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Baker Hughes by 12.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 11,838 shares of the company’s stock valued at $650,000 after acquiring an additional 1,327 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Baker Hughes by 37.3% in the 3rd quarter. Boston Trust Walden Corp now owns 67,970 shares of the company’s stock worth $3,732,000 after purchasing an additional 18,481 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Baker Hughes by 139.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,508 shares of the company’s stock worth $643,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Rakuten Investment Management Inc. lifted its stake in Baker Hughes by 10.6% in the 3rd quarter. Rakuten Investment Management Inc. now owns 264,246 shares of the company’s stock worth $14,777,000 after purchasing an additional 25,242 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes News Roundup

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

  • Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
  • Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
  • Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
  • Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
  • Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
  • Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

About Baker Hughes

(Get Free Report)

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.

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