Stifel Nicolaus Has Lowered Expectations for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes ( NASDAQ:BKR – Get Free Report ) had its price objective lowered by research analysts at Stifel Nicolaus from $54.00 to $52.00 in a report issued on Tuesday, Benzinga reports.

The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 36.38% from the company’s previous close.



A number of other brokerages have also commented on BKR. Bank of America upped their price objective on shares of Baker Hughes from $42.00 to $48.

00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Citigroup cut their price target on Baker Hughes from $54.00 to $53.

00 and set a “buy” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price objective on Baker Hughes from $51.00 to $52.

00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group upped their target price on Baker Hughes from $48.00 to $50.

00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Susquehanna decreased their price target on shares of Baker Hughes from $55.00 to $48.

00 and set a “positive” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.

65. Get Our Latest Stock Report on BKR Baker Hughes Price Performance Baker Hughes ( NASDAQ:BKR – Get Free Report ) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.

70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07.

Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%.

Research analysts predict that Baker Hughes will post 2.59 earnings per share for the current year. Insider Buying and Selling at Baker Hughes In other Baker Hughes 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 SEC, which can be accessed through this hyperlink .

Corporate insiders own 0.25% of the company’s stock. Institutional Trading of Baker Hughes Several hedge funds have recently modified their holdings of the stock.

JFS Wealth Advisors LLC raised its position in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter.

SBI Securities Co. Ltd. acquired a new stake in shares of Baker Hughes in the 4th quarter valued at $30,000.

Larson Financial Group LLC raised its position in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after acquiring an additional 216 shares during the last quarter.

Kestra Investment Management LLC acquired a new position in shares of Baker Hughes during the fourth quarter valued at $45,000. Finally, OFI Invest Asset Management bought a new position in Baker Hughes in the fourth quarter valued at about $47,000. 92.

06% of the stock is owned by 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. Recommended Stories Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter .

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