6 hours Ago By Defense World Staff
Baker Hughes (NASDAQ:BKR – Get Free Report) had its price objective dropped by investment analysts at Piper Sandler from $53.00 to $50.00 in a report issued on Thursday,Benzinga reports.
The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 37.17% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Barclays decreased their price target on Baker Hughes from $54.00 to $48.
00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI decreased their target price on Baker Hughes from $52.00 to $50.
00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company upped their price target on Baker Hughes from $49.00 to $54.
00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the company a “buy” rating in a report on Thursday.
Finally, TD Cowen lowered their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday.
Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.11.
View Our Latest Analysis on Baker HughesBaker Hughes Trading Up 0.2 %Shares of NASDAQ:BKR opened at $36.45 on Thursday.
The stock has a 50 day moving average of $41.39 and a 200 day moving average of $42.04.
The company has a market cap of $36.09 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.
00 and a beta of 1.08. Baker Hughes has a 12-month low of $30.
93 and a 12-month high of $49.40. The company has a current ratio of 1.
32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.
Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
48 by $0.03. The business had revenue of $6.
43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a net margin of 10.
70% and a return on equity of 14.58%. As a group, equities research analysts expect that Baker Hughes will post 2.
59 EPS for the current year. Insider Transactions at Baker HughesIn other news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th.
The shares were sold at an average price of $44.77, for a total value of $358,160.00.
Following the completion of the sale, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.
41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.
27% of the company’s stock. Institutional Trading of Baker HughesHedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of Baker Hughes during the third quarter valued at approximately $1,263,000.
Wilmington Savings Fund Society FSB bought a new position in Baker Hughes in the 3rd quarter valued at $139,000. Birmingham Capital Management Co. Inc.
AL increased its stake in Baker Hughes by 18.5% in the third 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 during the period. Principal Financial Group Inc.
lifted its position in shares of Baker Hughes by 4.2% during the third 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 during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Baker Hughes by 41.1% during the fourth quarter.
GAMMA Investing LLC now owns 10,286 shares of the company’s stock worth $422,000 after purchasing an additional 2,998 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.
Baker Hughes Company Profile (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 HughesTransportation Stocks InvestingShort Sellers Gave Up on These 3 Names Recently3 REITs to Buy and Hold for the Long Term3 Boring Stocks Outperforming the Market This Year5 discounted opportunities for dividend growth investorsIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
