Baker Hughes (NASDAQ:BKR) Stock Gets Price Target Cut from Barclays

by · The Markets Daily

Baker Hughes (NASDAQ:BKR – Free Report) had its price target decreased by Barclays from $72.00 to $62.00 in a report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley started coverage on shares of Baker Hughes in a research note on Friday, August 7th. They issued an “overweight” rating and a $70.00 price objective for the company. TD Cowen increased their target price on shares of Baker Hughes from $76.00 to $77.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research upgraded shares of Baker Hughes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. UBS Group lowered their price target on shares of Baker Hughes from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Finally, The Goldman Sachs Group began coverage on shares of Baker Hughes in a research report on Tuesday, September 29th. They set a “buy” rating and a $71.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.14.

Check Out Our Latest Report on Baker Hughes

Baker Hughes Stock Performance

NASDAQ:BKR opened at $55.23 on Thursday. The company has a market capitalization of $54.83 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.63 and a beta of 1.04. The business has a 50 day moving average of $58.13 and a 200 day moving average of $60.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.76. Baker Hughes has a 1-year low of $44.26 and a 1-year high of $70.41.

Baker Hughes (NASDAQ:BKR – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The business 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 period last year, the business earned $0.68 earnings per share. On average, sell-side analysts predict that Baker Hughes will post 2.58 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

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

Hedge Funds Weigh In On Baker Hughes

Hedge funds and other institutional investors have recently modified their holdings of the company. MCF Advisors LLC grew its position in shares of Baker Hughes by 121.4% in the 2nd quarter. MCF Advisors LLC now owns 476 shares of the company’s stock worth $26,000 after buying an additional 261 shares during the period. Olistico Wealth LLC increased its stake in shares of Baker Hughes by 209.4% in the 3rd quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 335 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Baker Hughes by 260.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock valued at $27,000 after acquiring an additional 359 shares during the period. Latitude Advisors LLC purchased a new position in Baker Hughes during the 3rd quarter valued at about $27,000. Finally, Godsey & Gibb Inc. purchased a new position in Baker Hughes during the 3rd quarter valued at about $33,000. 92.06% of the stock is owned by institutional investors.

Key Stories Impacting Baker Hughes

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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