Baker Hughes (NASDAQ:BKR) Shares Down 7.1% – What’s Next?

Shares of Baker Hughes Company (NASDAQ:BKR) fell 7.1% on Wednesday. The stock traded as low as $54.91 and last traded at $54.7880. 11,673,996 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 8,649,405 shares. The stock had previously closed at $59.00.

More Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
• Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
• Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
• Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

Analyst Upgrades and Downgrades

BKR has been the topic of several recent research reports. Citigroup decreased their price target on shares of Baker Hughes from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Barclays lowered their target price on Baker Hughes from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday. TD Cowen boosted their target price on shares of Baker Hughes from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Baker Hughes in a research note on Friday, October 9th. Finally, Piper Sandler decreased their target price on shares of Baker Hughes from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.14.

Baker Hughes Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.76. The stock has a market capitalization of $54.83 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.62 and a beta of 1.04. The company has a 50-day simple moving average of $58.28 and a two-hundred day simple moving average of $60.01.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.74 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Baker Hughes Company will post 2.56 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be given a $0.23 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Baker Hughes’s payout ratio is 31.72%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BKR. MCF Advisors LLC lifted its holdings in shares of Baker Hughes by 121.4% during the second quarter. MCF Advisors LLC now owns 476 shares of the company’s stock valued at $26,000 after purchasing an additional 261 shares during the last quarter. Olistico Wealth LLC increased its position in shares of Baker Hughes by 209.4% in the third quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock valued at $27,000 after acquiring an additional 335 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of Baker Hughes by 260.1% in the third quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock valued at $27,000 after purchasing an additional 359 shares during the last quarter. Latitude Advisors LLC acquired a new position in Baker Hughes during the third quarter worth about $27,000. Finally, Godsey & Gibb Inc. acquired a new position in shares of Baker Hughes in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Company Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.