Piper Sandler Has Lowered Expectations for Baker Hughes (NASDAQ:BKR) Stock Price

2025-04-26T08:01:04Z

Baker Hughes (NASDAQ:BKR – Get Free Report) had its price target cut by equities researchers at Piper Sandler from $53.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 37.17% from the company’s current price.

A number of other research firms also recently commented on BKR. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the company a “buy” rating in a research report on Thursday. Evercore ISI cut their price objective on shares of Baker Hughes from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday. Wells Fargo & Company upped their target price on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $49.11.

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Read Our Latest Analysis on Baker Hughes

Baker Hughes Stock Up 0.2 %

Shares of NASDAQ:BKR opened at $36.45 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $41.39 and its 200 day moving average is $42.04. The stock has a market cap of $36.09 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (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 return on equity of 14.58% and a net margin of 10.70%. Sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Baker Hughes

Large investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its stake in Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the fourth quarter valued at $30,000. Larson Financial Group LLC boosted its holdings in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after purchasing an additional 216 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. Finally, Grove Bank & Trust grew its position in Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company’s stock worth $33,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

About Baker Hughes

(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.