Citigroup Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

07 Apr 2026, 11:12 by Jessica Moore · The Cerbat Gem

Baker Hughes (NASDAQ:BKR – Free Report) had its target price increased by Citigroup from $64.00 to $69.00 in a research note released on Monday morning,MarketScreener reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Baker Hughes from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $59.00 to $67.00 and gave the company a “buy” rating in a research report on Saturday, January 31st. Zephirin Group boosted their target price on shares of Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $57.00 target price on shares of Baker Hughes in a research report on Thursday, January 15th. Twenty research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.39.

Check Out Our Latest Analysis on Baker Hughes

Baker Hughes Stock Performance

Shares of BKR stock traded up $0.01 during trading hours on Monday, reaching $60.71. The company had a trading volume of 285,790 shares, compared to its average volume of 9,850,171. The business has a fifty day moving average price of $60.29 and a 200-day moving average price of $52.47. Baker Hughes has a one year low of $34.06 and a one year high of $67.00. The firm has a market cap of $60.00 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.36.

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

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.92 annualized dividend and a yield of 1.5%. Baker Hughes’s payout ratio is currently 35.38%.

Insider Activity

In other Baker Hughes news, CEO Lorenzo Simonelli sold 272,594 shares of Baker Hughes stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the transaction, the chief executive officer owned 866,444 shares of the company’s stock, valued at $50,938,242.76. The trade was a 23.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maria Georgia Magno sold 19,150 shares of Baker Hughes stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the transaction, the insider directly owned 14,588 shares in the company, valued at $862,296.68. This represents a 56.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 590,251 shares of company stock worth $35,311,023 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Baker Hughes

Large investors have recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in Baker Hughes by 1,242.5% during the third quarter. Activest Wealth Management now owns 537 shares of the company’s stock valued at $26,000 after purchasing an additional 497 shares in the last quarter. EFG International AG purchased a new position in shares of Baker Hughes in the fourth quarter worth $26,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Baker Hughes by 344.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after buying an additional 468 shares in the last quarter. Quarry LP purchased a new position in shares of Baker Hughes in the fourth quarter worth $31,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Baker Hughes by 104.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Company Profile

(Get Free Report)

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.