Baker Hughes (NASDAQ:BKR) Given Average Rating of “Moderate Buy” by Brokerages

Baker Hughes (NASDAQ:BKR) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $44.59.

BKR has been the subject of a number of research reports. TD Cowen increased their price objective on Baker Hughes from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Susquehanna lifted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research report on Thursday, October 24th. Evercore ISI upped their price objective on shares of Baker Hughes from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. UBS Group decreased their target price on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price target on Baker Hughes from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $42.94 on Friday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $44.49. The stock has a market capitalization of $42.49 billion, a P/E ratio of 19.26, a P/E/G ratio of 0.73 and a beta of 1.38. The company’s 50-day moving average is $37.48 and its 200 day moving average is $35.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. On average, sell-side analysts expect that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. Baker Hughes’s dividend payout ratio (DPR) is presently 37.67%.

Institutional Trading of Baker Hughes

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Baker Hughes by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company’s stock worth $867,514,000 after buying an additional 123,172 shares during the last quarter. M&T Bank Corp boosted its position in Baker Hughes by 7.2% in the third quarter. M&T Bank Corp now owns 48,075 shares of the company’s stock worth $1,738,000 after purchasing an additional 3,229 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 796 shares during the period. Hamilton Capital LLC purchased a new stake in shares of Baker Hughes during the 3rd quarter valued at about $247,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Baker Hughes by 15.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 438,616 shares of the company’s stock worth $15,856,000 after purchasing an additional 57,973 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Company Profile

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.