Baker Hughes (NASDAQ:BKR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Baker Hughes (NASDAQ:BKR) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.94.

Several equities analysts have recently issued reports on the company. Citigroup reduced their price objective on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Morgan Stanley upped their target price on Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. Wolfe Research downgraded Baker Hughes from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 29th. Susquehanna restated a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a research report on Monday, April 8th. Finally, The Goldman Sachs Group upped their target price on Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total transaction of $294,400.00. Following the sale, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at approximately $425,437.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at approximately $508,132.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total transaction of $294,400.00. Following the transaction, the senior vice president now owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Baker Hughes

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Baker Hughes by 15.5% in the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock worth $85,000 after purchasing an additional 327 shares in the last quarter. Rational Advisors LLC boosted its holdings in Baker Hughes by 44.0% during the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after acquiring an additional 382 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Baker Hughes by 6.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock valued at $219,000 after acquiring an additional 398 shares during the period. Huntington National Bank boosted its holdings in Baker Hughes by 8.2% during the third quarter. Huntington National Bank now owns 5,501 shares of the company’s stock valued at $194,000 after acquiring an additional 416 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Baker Hughes by 2.8% during the third quarter. Blair William & Co. IL now owns 15,086 shares of the company’s stock valued at $533,000 after acquiring an additional 416 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $32.62 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $32.20 and a 200-day simple moving average of $32.48. The company has a market cap of $32.65 billion, a PE ratio of 18.22, a P/E/G ratio of 0.62 and a beta of 1.42. Baker Hughes has a 12-month low of $26.81 and a 12-month high of $37.58.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts forecast that Baker Hughes will post 2.08 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, May 3rd. Baker Hughes’s dividend payout ratio (DPR) is currently 46.93%.

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.