7 hours Ago By Defense World Staff
Baker Hughes (NASDAQ:BKR – Get Free Report) had its price target dropped by analysts at Barclays from $54.00 to $48.00 in a research report issued on Thursday,Benzinga reports.
The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 31.69% from the company’s previous close.
BKR has been the topic of several other reports. TD Cowen decreased their price objective on shares of Baker Hughes from $50.00 to $49.
00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group increased 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. Citigroup reduced their price objective on Baker Hughes from $54.00 to $53.
00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Evercore ISI increased their target price on Baker Hughes from $46.00 to $52.
00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, Piper Sandler boosted their price target on Baker Hughes from $53.00 to $55.
00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.11.View Our Latest Report on Baker HughesBaker Hughes Trading Up 0.
2 %Baker Hughes stock opened at $36.45 on Thursday. The stock has a 50-day simple moving average of $41.
39 and a 200 day simple moving average of $42.04. The stock has a market capitalization of $36.
09 billion, a P/E ratio of 12.23, a PEG ratio of 2.00 and a beta of 1.
08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.
94 and a current ratio of 1.32. Baker Hughes has a 52 week low of $30.
93 and a 52 week high of $49.40. Baker Hughes (NASDAQ:BKR – Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd.
The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.
03. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.
54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.
70%. Analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.
Insider Buying and SellingIn other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.
77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.
54. The trade was a 4.41 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Baker HughesA number of hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new stake in Baker Hughes in the third quarter valued at approximately $1,263,000. Wilmington Savings Fund Society FSB bought a new position in shares of Baker Hughes in the 3rd quarter valued at $139,000.
Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of 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 valued at $578,000 after acquiring an additional 2,500 shares in the last quarter. Principal Financial Group Inc. grew its position 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 acquiring an additional 47,727 shares during the last quarter.
Finally, GAMMA Investing LLC increased its holdings in Baker Hughes by 41.1% in the 4th quarter. GAMMA Investing LLC now owns 10,286 shares of the company’s stock worth $422,000 after purchasing an additional 2,998 shares in the last quarter.
92.06% of the stock is currently owned by institutional investors and hedge funds. About Baker Hughes (Get Free Report)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.Featured ArticlesFive stocks we like better than Baker HughesHow to Calculate Retirement Income: MarketBeat’s CalculatorShort Sellers Gave Up on These 3 Names RecentlyHow to Find Undervalued Stocks3 Boring Stocks Outperforming the Market This YearInvesting in Construction StocksIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
