Baker Hughes (NASDAQ:BKR) Price Target Raised to $61.00

Baker Hughes (NASDAQ:BKR) had its price objective lifted by UBS Group from $54.00 to $61.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

BKR has been the topic of several other research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Thursday, January 15th. Zephirin Group raised their target price on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Citigroup lifted their target price on Baker Hughes from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price target on Baker Hughes from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler lifted their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Twenty-one equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average price target of $57.58.

Baker Hughes Price Performance

Shares of BKR opened at $56.04 on Wednesday. Baker Hughes has a 12 month low of $33.60 and a 12 month high of $58.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The stock has a fifty day moving average price of $49.28 and a 200 day moving average price of $47.09. The company has a market cap of $55.30 billion, a P/E ratio of 21.55, a PEG ratio of 1.75 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Sunday, January 25th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The company had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Institutional Investors Weigh In On Baker Hughes

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Baker Hughes in the 2nd quarter worth approximately $862,722,000. Capital International Investors acquired a new position in Baker Hughes in the third quarter worth approximately $729,670,000. First Trust Advisors LP increased its holdings in shares of Baker Hughes by 76.0% in the second quarter. First Trust Advisors LP now owns 7,419,033 shares of the company’s stock valued at $284,446,000 after buying an additional 3,203,942 shares in the last quarter. Capital World Investors lifted its position in shares of Baker Hughes by 7.1% during the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after acquiring an additional 3,153,709 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Baker Hughes by 247.5% during the 2nd quarter. Sei Investments Co. now owns 3,134,494 shares of the company’s stock worth $120,177,000 after acquiring an additional 2,232,394 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Multi-year rollout of Leucipa (AI/analytics) with Expand Energy — expands Baker Hughes’ digital-energy footprint and recurring-software revenue potential across shale wells, which can improve margins and customer stickiness. Leucipa Rollout Strengthens Baker Hughes’ Digital Energy Footprint
• Positive Sentiment: Record IET backlog and new energy-transition deals drove a strong market reaction (reported as a ~5.7% intraday jump) — signals demand strength in industrial & transition businesses and supports revenue visibility. Baker Hughes (BKR) Is Up 5.7% After Record IET Backlog And New Energy Transition Deals – Has The Bull Case Changed?
• Positive Sentiment: Analyst price-target upgrades continue: Piper Sandler raised its target to $61 and maintained an overweight rating — adds third-party validation to the bull case and can attract marginal buyer flows. Piper Sandler Adjusts Baker Hughes Price Target to $61 From $52; Maintains Overweight
• Positive Sentiment: Additional broker upgrades: UBS to $61 and JPMorgan to $60 (and separate coverage noting a $67 target) — multiple houses raising targets increases analyst-driven credibility and may drive demand from institutional momentum buyers. UBS Group Raises Baker Hughes (NASDAQ:BKR) Price Target to $61.00 Baker Hughes (NASDAQ:BKR) Price Target Raised to $67.00 JPMorgan Chase & Co. Boosts Baker Hughes (NASDAQ:BKR) Price Target to $60.00
• Positive Sentiment: Orders for Wabash Valley clean ammonia fertilizer project — concrete energy-transition orders that diversify revenue toward low-carbon projects and enhance growth story. Baker Hughes Secures Multiple Orders to Advance Wabash Valley Resources’ Clean Ammonia Fertilizer Project
• Positive Sentiment: Deeper strategic collaboration with Hydrostor on reliable, resilient and sustainable power systems — reinforces Baker Hughes’ positioning in storage/renewable enablement markets. Baker Hughes and Hydrostor Deepen Strategic Collaboration
• Positive Sentiment: Capital One published a bullish forecast for BKR — another institutional view supporting upside expectations. Capital One Financial Forecasts Strong Price Appreciation for Baker Hughes (NASDAQ:BKR) Stock
• Neutral Sentiment: Short-interest data reported as effectively zero / inconsistent for January — the published figure appears unreliable and provides no clear short-squeeze signal. Monitor official exchange short-interest releases for confirmation.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.