7 hours Ago By Defense World Staff
Baker Hughes (NASDAQ:BKR – Get Free Report) had its price target dropped by research analysts at Susquehanna from $48.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports.
The firm currently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 26.20% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Piper Sandler raised their price objective on Baker Hughes from $53.00 to $55.
00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted 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. Barclays cut their price objective on Baker Hughes from $54.00 to $48.
00 and set an “overweight” rating on the stock in a report on Thursday. Jefferies Financial Group lifted their target price on shares of Baker Hughes from $48.00 to $50.
00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Benchmark restated a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a research report on Tuesday, February 11th.
Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.
11.Read Our Latest Research Report on BKRBaker Hughes Price PerformanceShares of Baker Hughes stock opened at $36.45 on Thursday.
Baker Hughes has a 52 week low of $30.93 and a 52 week 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. The stock 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.
The company’s 50-day moving average price is $41.39 and its two-hundred day moving average price is $42.04.
Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.
48 by $0.03. The business had revenue of $6.
43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.
70% and a return on equity of 14.58%. As a group, sell-side analysts anticipate that Baker Hughes will post 2.
59 EPS for the current fiscal year. Insider Transactions at Baker HughesIn other news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th.
The shares were sold at an average price of $44.77, for a total transaction 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. This represents a 4.
41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.
27% of the company’s stock. Institutional Investors Weigh In On Baker HughesA number of large investors have recently bought and sold shares of BKR. Capital Research Global Investors lifted its position in shares of Baker Hughes by 0.
6% in the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company’s stock worth $1,135,744,000 after buying an additional 177,232 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Baker Hughes by 1.
9% in the 4th quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock worth $1,004,212,000 after purchasing an additional 465,832 shares during the last quarter. Norges Bank bought a new stake in Baker Hughes during the fourth quarter worth approximately $829,092,000.
FMR LLC grew its holdings in Baker Hughes by 12.5% during the fourth quarter. FMR LLC now owns 15,702,057 shares of the company’s stock valued at $644,098,000 after purchasing an additional 1,744,225 shares during the last quarter.
Finally, Dimensional Fund Advisors LP raised its position in shares of Baker Hughes by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company’s stock valued at $473,880,000 after purchasing an additional 874,297 shares during the period.
92.06% of the stock is currently 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.Featured ArticlesFive stocks we like better than Baker HughesGrowth Stocks: What They Are, What They Are NotShort Sellers Gave Up on These 3 Names RecentlyThe Significance of a Trillion-Dollar Market Cap Goes Beyond a Number3 Boring Stocks Outperforming the Market This YearBiggest Stock Losers – Today’s Biggest Percentage DeclinersIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
